Asset Type
Onyx Capital is a premier mortgage company that services the nation with owners that have originated more than $5 billion in commercial loans with a current servicing portfolio of more than $1 billion. We have strong ties with multiple funding sources including life insurance companies, banks, and other institutional leaders.
Onyx Capital is a recognized leader in the financing of manufactured housing communities throughout the nation, and Seattle. Onyx Capital services more than $1 billion in loans secured by mhc’s. Onyx has strong relationships with various lending sources including Agency, life insurance companies, CMBS, banks, and other institutional lenders. Onyx Capital's manufactured housing community loan portfolio includes senior and "all-age" manufactured housing communities that range from less than 100 to more than 900 home sites each. We have the ability to finance communities of varying quality across the country.
In addition to originating more than $10 billion dollars in manufactured housing loans since 1983, the principals at Onyx Capital are experienced owners of several manufactured housing communities. We understand the manufactured housing community business from both a landlord and lender viewpoint. In addition to loan origination, Onyx Capital has assisted manufactured housing clients with loan purchases, loan servicing, disposition and acquisition services, and equity recapitalization.
Onyx Capital Corporation Lending Program for Manufactured Housing Communities
Loan Amount:
$5,000,000 to $100,000,000
Loan Term:
5, 7 and 10 Years
Loan to Value:
75% Maximum
DCR:
1.25 or Greater
Amortization:
30 Years
Closing:
Typical 60 days or less from application
Security:
Non-Recourse expect for fraud, environmental, etc.
Property Type:
3-5 star manufactured housing communities throuhgout the United States
Loan Amounts:
Loan Term:
Loan to Value:
DCR:
Amortization:
Closing
Security:
$5,000,000 to $100,000,000
5, 7 and 10 Years
75% Maximum
1.25 or Greater
30 Years
Typical 60 days or less from application
Non-Recourse expect for fraut, environmental, etc.
Onyx Capital is a recognized leader in the financing of manufactured housing communities throughout LA, New York, and Seattle. Onyx Capital services more than $1 billion in loans secured by mhc’s. Onyx has strong relationships with life insurance companies, banks, and other institutional lenders. Onyx Capital's manufactured housing community loan portfolio includes senior and "all-age" manufactured housing communities that range from less than 100 to more than 900 home sites each. We have the ability to finance communities of varying quality across the country.
In addition to originating more than $10 billion dollars in manufactured housing loans since 1983, the principals at Onyx Capital are experienced owners of several manufactured housing communities. We understand the manufactured housing community business from both a landlord and lender viewpoint. In addition to loan origination, Onyx Capital has assisted manufactured housing clients with loan purchases, loan servicing, disposition and acquisition services, and equity recapitalization.
Onyx Capital Corporation Lending Program for Manufactured Housing Communities
Loan Amount:
$5,000,000 to $100,000,000
Loan Term:
5, 7 and 10 Years
Loan to Value:
75% Maximum
DCR:
1.25 or Greater
Amortization:
30 Years
Closing:
Typical 60 days or less from application
Security:
Non-Recourse expect for fraut, environmental, etc.
Property Type:
3-5 star manufactured housing communities throuhgout the United States
Loan Amounts:
Loan Term:
Loan to Value:
DCR:
Amortization:
Closing
Security:
$5,000,000 to $100,000,000
5, 7 and 10 Years
75% Maximum
1.25 or Greater
30 Years
Typical 60 days or less from application
Non-Recourse expect for fraut, environmental, etc.
deal gallery
This portfolio included 1,400 sites across four properties in three states. Our repeat client is an experienced foreign family-office. This was the fourth refinance provided by Onyx on this portfolio.
Locations: New Hampshire/Maine/Washington
Sites: 1,400
Price: $79.4M
1,400
Sites
$79.4M
price
1/3
deal gallery
During the height of the pandemic, Onyx Capital sourced and closed this seven property deal in just 60 days for the largest private owner of MHC’s in the nation.
$104.5M
Refinance
7
Properties
2/3
deal gallery
Working with long term client Boa Vida Communites, this 250 site community had lots of challenges including pre-HUD homes, RVs, apartment units, and high density. Onyx Capital was still able to facilitate Agency financing which provided very low interest-only debt.
Location: Reno, NV
Sites: 250
$11M
Price
250
Sites
3/3
