Banks now finance mobile homes and RVs regularly, but creative deals still matter for tax efficiency and capital redeployment. Ten years ago, sellers handled almost all financing because traditional lenders wouldn't touch the sector. Creative finance works best as collaboration to solve problems banks can't.
Chapters
How often are you seeing creative finance as an option in the mobile and RV space? It used to be a lot more. You know, I would say in the past 10 years, there's been a lot of, call it, institutionalization in the industry. It's just become a lot more financeable of an asset. Banks are taking much more interest into it. Before, it was exclusively seller finance, creative finance deals because, like, banks didn't want to touch it, as opposed to now they're, they're like warming up to the idea. And I would say that number is kind of dwindling. There's certainly like the right people with the right kind of goals. I mean, that's sort of creative financing. It's like, okay, you're getting together with the other party and trying to figure out how do we make the pie bigger? How do we solve your problem in a better way? Right? Because like the bank can hand you, you know, money, but like paying taxes on it, you have to like redeploy it, you know, all that stuff.