Manufactured/Modular Housing

Bedford Lending is a leading Manufactured/Modular Housing Lender and Advisor for 207 land acquisition and development loans. By blending our direct loan programs with our extensive advisory knowledge we are able to develop creative finance solutions for developers and operators nationwide.

Our director has over 20 years experience in all facets of development and has financed and completed evaluations for over 100 projects. He is the author of numerous books on manufactured housing and is recognized as one of the top real estate professionals in the field.

Getting Started

Our director and staff work closely with clients to assess the market demand and to evaluate financial feasibility of each project. Once determined, we develop a detailed timeline which outlines the steps and cost to process and fund each loan. The following is a summary of the advisory services we offer:

Acquiring Existing Communities

  • Complete Due Diligence
  • Assess Market Analysis
  • Determine Economic Feasibility
  • Review Rehabilitation Issues

Developing New Communities

  • Compare Modular vs. Manufactured Homes Assessment
  • Research Land Lease Community Indicators
  • Outline Sub-Division/Condominium Considerations
  • Research Target Buyer/Residents

Development Financing Options (Compare and Contrast)

  • FHA 207m Loan Guarantee
  • FHA 221(d)4 New Apt Using HUD Code Homes
  • Conventional Commercial Financing

Home Buyer Financing Options

  • Conventional Chattel Mortgages
  • Conventional Land-Home Mortgages
  • FHA Title I Home Financing
  • FHA Title II Home-Land Financing

Home Product Structuring Considerations

  • Home Size and Configuration
  • Target Pricing
  • Manufacturer/Product Selection
  • Accessory Structures

Marketing and Sales Strategies

  • In or Out Community Sales
  • Margins and Pricing
  • Advertising
  • Retail Sales Operations

Bedford Lending funded a $9,000,000 construction loan that paid off our bank and provided over $5,000,000 in funds to rehab our 250 apartment units. We acquired the distressed properties with 100% financing (80% bank - 20% seller financing) and at the time the properties were in disrepair and less than 50% occupied. Based on their knowledge, BLC underwrote the loan using the market potential and they were the only lender that looked at the upside. We are now 95% occupied and the portfolio has doubled in value. I plan to use them on all my loans."

- Bill J., Baltimore, MD

Our Finance Options

  • HUD/FHA Construction
  • HUD/FHA Permanent Loans
  • USDA (538) Loans
  • USDA Low Income Housing
  • USDA Community Facilities Program
  • HUD 202 Loans
  • Non-Profit Affordable Housing
  • Section 8 Loans
  • HAP Contract Loans
  • Conventional
  • Low Income Housing
  • Rural Affordable Housing
  • 4% and 9% Tax Credit
  • Federal & State Tax Credit
  • New Market Tax Credit
  • Bond advisory
  • Private placement advisor
  • Credit Enhancements
  • SBA Loans
  • Forward Commitments
  • Bridge Loans
  • Mezzanine Debt Fixed and Adjustable Loans
  • Participation Loans
  • Sale Leaseback Financing
  • Distressed/Turnaround Properties
  • Blanket Mortgages

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