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Financing Mobile Homes
Just Got Easier

An Investor's Guide to Investing in Mobile Homes
in Park Communities and on Private Property

About Keyhole Connect

My name is Sherman Arnowitz

       In 2020, after 25 years of investing in non-performing residential second mortgages, I realized it was time for a change. It was during this period that one of our investors, who owned several mobile home parks, approached me with a compelling proposition. They expressed their weariness of being the sole financing source for their borrowers and believed that with my background and strong list of investors, we could excel in the industry.

       Driven by this vision, we embarked on a journey spanned several months. We aimed to develop a program that would be fair to borrowers, sellers, and investors alike. As we delved into our initial research, we observed a concerning trend in the market. Many financing companies focused solely on prime borrowers, emphasizing credit scores above 660. However, we recognized that credit scores only partially depict a borrower's financial health.

       With a strong commitment to inclusivity, we made a conscious decision to prioritize a holistic assessment in our underwriting process. We expanded our evaluation criteria to include payment history, relationships with creditors, and debt-to-income ratios. By doing so, we ensure a fair and comprehensive evaluation that goes beyond credit scores. Our aim is to provide opportunities to subprime borrowers who have previously been marginalized by traditional lending criteria.

        In our view, the subprime market remains underserved and overlooked by our competitors, who exclusively cater to prime borrowers. We see immense potential in this market and believe that by focusing on subprime borrowers, we can make a meaningful impact and create positive change.

 

     By investing in this market, you have the potential to achieve excellent returns and contribute to the financial empowerment of subprime borrowers. 
 

       I invite you to explore this opportunity further and consider joining us on this exciting journey. Our dedicated team can provide more detailed information and address any questions or concerns.

       Thank you for considering this investment opportunity. We look forward to the possibility of working together and achieving mutual success.

       Best regards,

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Mobile Homes In America:
A Growing Solution for Affordable Housing

Financing Mobile Homes Just Got Easier:
Invest in a Change with Keyhole Connect

Keyhole Connect is revolutionizing the mobile home financing market, making it simpler and more accessible for investors to contribute to a sector ripe with potential. With a unique approach that blends social impact with financial returns, Keyhole Connect invites you to invest in a change that matters.

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Financing Mobile Homes Just Got Easier:
Empower Change Through Keyhole Connect

Keyhole Connect’s financing program is designed to provide investors with a secure, passive investment opportunity in the growing sector of affordable housing. It is backed by a unique safety net through our Loan Guarantee. This innovative approach aligns the interests of borrowers, investors, mobile home dealers, flippers, and park owners, fostering stability and growth within the mobile home community.

Financing Mobile Homes Just Got Easier:
Navigating the Keyhole Connect Process

Keyhole Connect’s financing program is designed to provide investors with a secure, passive investment opportunity in the growing sector of affordable housing. It is backed by a unique safety net through our Loan Guarantee. This innovative approach aligns the interests of borrowers, investors, mobile home dealers, flippers, and park owners, fostering stability and growth within the mobile home community.

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STEP 1
Underwriting

Applicants submit a detailed borrower application for financial review by the underwriter. The underwriter evaluates the applicant's financial stability and readiness to take on the responsibilities of park residency and homeownership.

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STEP 2
Home Insurance

The borrower must secure home insurance, designating the investor as the lien holder on the policy. This ensures that the investment is protected against potential damage or losses, aligning with the interests of both the borrower and the investor.

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STEP 3
Funding & Closing

The borrower and investor sign the Mobile Home Agreement and the Loan Guarantee Agreement is signed by the park owner and investor. Title on the mobile home is processed and ownership is transferred to the borrower. 

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STEP 4
Loan Servicing

Our comprehensive loan servicing team manages monthly statements, fund collection, bookkeeping, investor distributions, and year-end reporting. In the event of a default, the team handles all necessary procedures. 

The Loan Guarantee

A Game-Changer for Investors

The Loan Guarantee feature of Keyhole Connect's financing program offers a unique value proposition to investors, park owners, and borrowers alike. By safeguarding investments against borrower defaults and ensuring mobile homes remain within their communities, Keyhole Connect fosters a more stable and prosperous mobile home market. For investors, this means attractive returns and the confidence that comes with knowing their investment is well-protected.

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01

Investor Protection

02

Preventing Asset Removal

If a borrower defaults on their loan, the park owner or a designated third party assumes responsibility for the loan as the “Guarantor.” This means they will either reimburse the investor for the current balance owed or continue making the monthly payments on behalf of the borrower.

03

Asset Recovery and Reinvestment

If a borrower defaults, the park owner or third party will undertake the eviction process, refurbish the mobile home, and prepare it for resale. This process protects the investor's interests and contributes to the park's upkeep and community quality.

Traditional financing methods often lead to public auctions in the case of a default, which runs the risk of the mobile home being removed from the park if sold to an external bidder. Keyhole Connect's Loan Guarantee prevents this scenario, ensuring park owners that their valuable assets will never leave their community.

04

Park Owner Benefits

The Loan Guarantee aligns the interests of park owners with those of investors. Park owners are motivated to maintain high occupancy rates and community standards, knowing they have a safety net that prevents the loss of homes from their parks.

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Investment Overview

Keyhole Connect's financing program offers a comprehensive, secure, and profitable avenue for investors to engage in the mobile home market. With competitive returns, a robust underwriting process, and additional security measures like the Loan Guarantee and DMV-issued titles, the program stands out for its innovation and investor-focused approach. Despite minimal marketing efforts, the program's performance highlights its market demand and potential for growth.

Accreditation
Requirements

We offer investing for both accredited and non-accredited investors. 

Investment
Terms

Terms for each loan vary from 5 to 10 years. Plans to securitize the loans are in the making.

Underwriting
Process

Borrowers undergo a thorough underwriting process to determine if they are financially healthy. This process takes 10-14 days.

Minimum
Investment

Investors may invest from $50,000 to $1,000,000.  Investments can be made with SDIRA accounts.

Loan
Value

The average financed mobile home is $50,000.

Investor
Returns

Investors earn between 11% and 13% IRR, influenced by their total investment commitment. Payments to investors are made monthly.

Loan
Structure

All loans are fully amortized, ensuring predictable repayment schedules.

Interest
Rates

Depending on the loan amount and each State’s Usuary law, borrowers face interest rates between 14% and 17%.

Loan
Guarantee

Ensuring that in the event of a default, the guarantor assumes the loan, maintaining payments to the investor.

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I'm interested in becoming an investor with Keyhole Connect.

Thanks for submitting!

Phone: 516-750-0392

Become an Investor

All Videos

All Videos

All Videos
3.  The Loan Process

3. The Loan Process

04:42
Play Video
4.  Keyhole Connect's Agreements

4. Keyhole Connect's Agreements

05:23
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Tour of Tidewater Mobile Home Park

Tour of Tidewater Mobile Home Park

01:43
Play Video
Tour of Tallowwood Isle Mobile Home Park

Tour of Tallowwood Isle Mobile Home Park

02:12
Play Video

Click Below to View Additional Information

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