Commercial Real Estate Finance
Price Street Lending provides commercial mortgage financing for manufactured housing communities and self storage facilities — two asset classes with durable demand and limited institutional attention. We lend conservatively and close with certainty.
Target LTV Range
Loan-to-Value · First Lien Position
What We Finance
We concentrate our expertise in manufactured housing communities and self storage — assets with strong fundamentals and a structural gap in available financing.
We finance established manufactured housing communities — also called mobile home parks — where the borrower owns the underlying land. These communities provide affordable, stable housing with consistent occupancy and predictable cash flows.
Self storage offers recession-resilient demand driven by life transitions: moves, downsizing, business needs. We finance both single-site facilities and small portfolios, with a preference for properties demonstrating stable economic occupancy over time.
Loan Parameters
Our underwriting is straightforward. We lend based on the income the property produces today, not projections.
| Loan Size | $500K – $10M+ Larger loans considered on a case-by-case basis |
| LTV | Up to 70% Typically 50–70% depending on asset type and cash flow |
| Lien Position | First Lien Only We do not originate mezzanine or subordinate debt |
| Amortization | 25–30 Year With typical 5, 7, or 10-year balloon maturities |
| Interest Rate | Fixed and Floating Available Priced to current market conditions at closing |
| Loan Type | Commercial Mortgage Non-recourse structures available for qualifying loans |
| DSCR | Minimum 1.20x Calculated on in-place net operating income |
| Prepayment | Step-Down or Defeasance Structure discussed at application |
| Geography | Nationwide Preference for primary and secondary markets |
| Closing Time | 45–60 Days Faster closings available for well-prepared files |
Why Price Street
Most commercial lenders treat manufactured housing and self storage as niche boxes to check. We built our process around them.
Asset-Specific Underwriting
We understand pad rents, lot leases, occupancy seasonality, and unit-mix economics. We don't apply a generic commercial template to specialized assets.
Conservative Capital Position
Our 50–70% LTV discipline protects both our capital and our borrowers. We don't over-leverage and we don't pressure borrowers to accept more debt than the property can support.
Certainty of Execution
When we issue a term sheet, we intend to close. Our process is designed to identify deal-killers early, not after a borrower has invested 60 days in due diligence.
Direct Lender
You work directly with the people making credit decisions. No brokered intermediaries, no black-box credit committees with no visibility into timeline.
Our Loan Process
Initial Inquiry
Submit basic deal information — property type, location, loan amount, and current financials.
Preliminary Review
We review the information and respond within 2–3 business days with preliminary interest or questions.
Term Sheet Issued
If the deal fits our criteria, we issue a non-binding term sheet outlining rate, LTV, and structure.
Due Diligence
Appraisal, environmental, title, and financial document review. We coordinate the process directly.
Credit Approval & Closing
Loan documents issued and closing scheduled. Typical timeline 45–60 days from signed term sheet.
Get In Touch
Share the basics and we'll follow up within two business days. All inquiries are reviewed by our lending team directly.