Mobile Home Park Investors With Jefferson Lilly & Brad Johnson

Welcome to Episode 55 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. What do mortgage bankers bring to the table? Well, in this episode, Jefferson and Brad bring on Andy Margolis, a mortgage broker from Draper & Kramer. Andy explains in detail what a mortgage broker can do for you when it’s time to borrow money.   Key Takeaways: [3:10] How did Andy become a mortgage broker? [5:00] Why should somebody use a mortgage banker? [9:15] Andy highlights an example of how he saved a client money, and even noticed some things in the loan docs that his attorney missed. [10:45] How does Andy work with mobile home park lenders, especially when it comes to park and home percentages? [11:45] Why would you do a life insurance loan vs. a CMBS loan vs. a bank loan? [13:55] When somebody comes to Andy with a deal, does he shop it around to life companies, CMBS, etc. for the best deal? [17:30] If somebody were to buy a $500,000 park, what would that finan