Local Chattel $; Unique Sponsorship Opportunity!
COBA7® presents Blog # 352 via community-investor.com Copyright 14 June 2015
Perspective. ‘Land-lease-lifestyle Communities, a.k.a. manufactured home communities and ‘mobile home parks’, comprise the real estate component of manufactured housing.’
This blog posting is the national advocacy voice, official ombudsman (press), research reporter, & online communication media for all LLLCommunities in North America!
To input this blog & or affiliate with Community Owners (7 Part) Business Alliance®, a.k.a. COBA7®, use Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764.
COBA7® Motto = ‘U Support US & WE Serve U!’, & Goal of its’ print & online media = to ‘Not only inform & opine, but transform & improve our MHBusiness model!’
Introduction to blog posting # 352. Are YOU overlooking this source for chattel capital? YOU want to participate in the Biggest & Best LLLCommunity networking, deal-making, educational event in all of 2015? Tapped into the timely and helpful resources available to YOU from Allen & Roane? Have YOU read The Advance Man yet? Four questions and answers for manufactured housing businessmen and women nationwide!
IT IS POSSIBLE
Local Chattel Capital Financing of Manufactured Homes in
Here’s an email exchange between veteran LLLCommunity operators, one shared with other area property owners, talking of their recent success obtaining manufactured housing and property loan commitments from a regional bank…
“A little over two years ago, _____sent an email note to several of us in the _____area who stay in touch with each other, and said, “Guess what? I received a letter from the president of a local bank who actually said he wants to do business with community/park owners!” We all met, and eventually developed a program involving that banks’ financing of manufactured homes we buy and resell within our communities – filling vacant lots, increasing cash flow and property value, and upgrading our properties. That bank also expressed an interest in financing our communities. Today I received a loan commitment from the bank which will save my firm almost $350,000 in interest over the next five years! Had _____ and I not made an effort to stay in touch with one another, I might never have been invited to that meeting two years ago. Thanks _____!”
And this from the other party…
“This bank has really benefitted from meeting us too. At a lunch meeting a month or so ago, a representative of the bank indicated to me our introduction to them, and resulting loan programs, have resulted in more than $20 million in new loan business for them, in just the past 1 ½ years!”
So, what have YOU done to reach out to your local lending institutions to ‘test the borrowing waters’ for financing new and resale homes on-site in your LLLCommunity, even refinancing the property itself? Maybe the time is ‘right’ for YOU to do so.
A Unique Opportunity…
Be a Major Sponsor at This Year’s 24th Networking Roundtable!
Heretofore, mostly $$$ lenders and brokers, specializing in originating land-lease-lifestyle community mortgages, have been the primary sponsors of nine social networking events at the annual International Networking Roundtable. This year we’re opening up this unique opportunity to anyone who’d like Maximum Exposure before 250+/- owners/operators of LLLCommunities from throughout the U.S. and Canada!
What’s different this year? For starters, all the major HUD-Code home manufacturers will be present as keynote speakers, holding forth on this event theme:
How to Sell More Community Series Homes into LLLCommunities Throughout the U.S.!
Furthermore, all the GSE’s (Fannie Mae & Freddie Mac, for starters) will be present, and possibly the FHFA, as well as senior executives from MHI & MHARR. And as usual, there’re nearly two dozen educational sessions. So, if your firm, as a product and or service supplier/vendor has an active and lively interest in this realty asset class, you’ll want to be Front & Center when these folks gather 9-11 September 2015 at the Hilton Resort Hotel on Mission Bay in San Diego, CA.
Specifically, you and or your firm can sponsor one of two breakfasts at $3,500.00 per F&B (food & beverage) event; one of two luncheons at $5,000.00 apiece; either evening reception at $6,500.00; and all three scheduled ‘breaks’ at a one time total of $8,500.00.
What do YOU get for your sponsorship? Prominent display of your corporate logo on all Networking Roundtable literature. For example; the Registration List prepared for this event is widely recognized as being the most comprehensive compilation of LLLCommunity owners/operators available anywhere – and will feature YOUR logo and contact information during 2015 & 2016! Your firm will also be singled out several times during the event proper. AND, if you care to do so, you’re welcome to distribute premium gifts at the event(s) YOU sponsor!
For more information, simply phone the Official MHIndustry HOTLINE: (877) MFD-HSNG or 633-4764.
Allen & Roane in Washington, DC., @ 15 & 16 June!
As used to be said about dance marathons ‘decades ago’, our dance card is full! From the time we arrive in our nation’s capitol on Sunday, the 14th of June, until we leave later that week, our time is committed to meetings with colleagues from MHARR, MHI, HUD, & COBA7® – plus businessmen and women who want to ‘talk shop’ with us, about a variety of MHIndustry & LLLCommunity-related topics! Are YOU on that list? If not, but would like to have a frank, albeit probably short, discussion regarding where the manufactured housing industry is today – and probably headed, contact either one of us. If need be, use the Official MHIndustry HOTLINE in the previous part of this blog posting.
On a related subject, watch this blog posting next Sunday for a summary of what occurs at the National Communities Council division’s meeting on 6/15. Two of five topics I requested be placed on the agenda, made it – three did not. Should make for an interesting meeting – and a most revealing follow up report via this blog, and elsewhere.
And as you likely suspect, the ‘Open Letter to the Manufactured Housing Industry & LLLCommunity Asset Class’, previewed in blog posting #351, continues to materialize, and will soon be ready for industry wide distribution.
The Advance Man, by Rick Robinson
Hey, just finished reading a genuine thriller of a novel! In this new release, Rick Robinson’s Washington, DC setting, and plot (political intrigue), calls to mind Gary Grossman’s Executive Actions and Executive Treason. Not only that, Rick’s style, i.e. sharing a new body of knowledge – or two, with his reader (e.g. inner workings of DC politics & Godfather Rules), reminds one of the famous mystery novelist, Dick Francis.
OMG. I’d tell you more, but you’ll read the entire review of The Advance Man, in an upcoming issue of the Allen Letter professional journal! Seriously. This is one book you do not want to miss reading. How to get your copy of The Advance Man? Visit www.authorRickRobinson.com. And hey, if the author’s name, Rick Robinson, sounds familiar to you, it should. He’s Vice President of state and regulatory affairs/general counsel at MHI – and this is his ninth book. And be aware, there’s yet another thriller in the works from him. So, like me, become a Rick Robinson fan, and join in this reading adventure!