$750,000 Acquisition in Oakhurst, CA
Mobile Home Park Acquisition Near Yosemite: $750,000 Bridge Loan Closed in 30 Days
Loan Amount: $750,000
Loan Term: 12 Months
LTV: Under 40%
Lien Position: 1st Deed of Trust
Rubicon Mortgage Fund, LLC recently closed a $750,000 acquisition loan for a land-only mobile home park in Oakhurst, California, just three miles from Bass Lake and minutes from Yosemite National Park. The property includes 18 mobile home spaces, 11 RV spaces, and a three-bedroom, non-owner-occupied single-family residence, all situated on 3.7 acres of land. This value-add project demonstrates how private lending can provide flexible, fast solutions when traditional financing isn’t an option.
A Value-Add Mobile Home Park Investment Opportunity
The borrower acquired this property as part of a long-term value-add investment strategy. While the location and potential were strong, the initial cash flow was insufficient for conventional financing, which made private capital the ideal solution.
By securing funding through Rubicon Mortgage Fund, LLC the borrower was able to close quickly in just 30 days and close the acquisition. The borrower’s plan is to upgrade the mobile home park infrastructure and raise rents to market levels, significantly improving the property’s income profile over time.
Cross-Collateralized for Added Flexibility
This transaction was cross-collateralized with another non-owner-occupied single-family rental property in Stockton, California. Cross-collateralization allowed the borrower to leverage additional equity and secure favorable terms without relying on traditional financing requirements.
The combined collateral includes:
- 18 mobile home spaces (land only — homes owned by tenants)
- 1 Non owner occupied SFR
- 11 RV spaces
AND - 1 three-bedroom SFR
- 3.7 acres total lot size
This structure not only strengthened the loan but also provided a practical pathway to execute the borrower’s business plan without delays.
Scenic Location with Strong Upside Potential
Located in the Sierra Nevada foothills, the property benefits from its proximity to one of California’s most sought-after outdoor destinations. Oakhurst serves as a gateway to Yosemite National Park and is just minutes from Bass Lake, making it an attractive location for both long-term tenants and short-term RV visitors.
Once the planned improvements are complete and rents are stabilized, the borrower intends to refinance with a conventional bank loan, a common exit strategy for value-add real estate projects funded through private money loans.
Why Borrowers Choose Private Financing
Deals like this highlight the advantages of working with a private money lender for commercial real estate projects. Because traditional lenders often require stabilized income or lengthy underwriting processes, many investors turn to private capital for:
- Speed: Closing timelines measured in weeks, not months.
- Flexibility: Creative loan structures, including cross-collateralization.
- Value-Add Potential: Funding even when cash flow or occupancy is below conventional thresholds.
In this case, Rubicon’s ability to move quickly and structure a solution around the borrower’s specific needs was a critical factor in making the mobile home park acquisition possible.
Repeat Referrals Reflect Strong Borrower Relationships
This loan came through a repeat referral source, underscoring Rubicon Mortgage Fund, LLC’s commitment to building long-term relationships with brokers and borrowers alike. Investors and operators continue to choose Rubicon for its responsiveness, local expertise, and reliable funding, especially in niche property types like mobile home parks, RV communities, and mixed-use investments.
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