Campground Loans
We are pleased to offer campground loans for the purchase or refinance of campground properties nationwide. Select Commercial specializes in lending to small business owners who own their own properties. Many small business owners find that they have trouble obtaining traditional bank loans due to their company’s size, specialized property type, credit rating, or difficulty producing tax returns. In addition, if you are starting up a new business or expanding an existing business, it may be possible for us to use projection based income in order to qualify. Traditional banks can’t match the ability we have to “stretch the guidelines” to help your business grow. These loans have always been a large portion of our business. We actively lend on gas stations, restaurants, hotels and motels, bed and breakfasts, laundromats, service stations, bowling alleys, movie theaters, golf courses, marinas, retail stores, independent groceries, franchises, auto repair, manufacturing plants, liquor stores, health clubs, self-storage, mini-storage, parking garages, campgrounds, recreational facilities, RV parks, and many other single purpose properties. Let us help you start, purchase, refinance or grow your business! Our minimum loan size is $1,500,000.
Our Commercial Real Estate Loan Benefits
• No upfront application or processing fees
• Simplified application process
• Up to 80% LTV on apartments, 75% on commercial (90% with SBA)
• Terms and amortizations up to 30 years
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation
Our Reviews
Recent Closings
Campground Loan Outlook for 2024
The real estate market has seen significant shifts in recent years, and the outlook for campground loans in 2024 is influenced by various factors including economic recovery, consumer behavior, and changes in the commercial lending landscape. Outdoor recreational facilities, including campgrounds, are experiencing a resurgence in popularity, driven by an increasing consumer demand for outdoor activities.
One of the major trends influencing the campground market in 2024 is the growing interest in nature-based recreational options. As more people seek experiences that allow them to connect with nature and enjoy the open air, campgrounds are seeing heightened demand. This interest is driven by factors such as the desire for safe social interactions, a renewed appreciation for outdoor activities, and an overall economic recovery that has boosted discretionary spending.
Commercial mortgage rates for campground loans in 2024 remain competitive. While interest rates have seen some adjustments due to the Federal Reserve's efforts to manage inflation, they are still relatively low by historical standards. This environment is favorable for businesses looking to secure financing for expansion, renovation, or acquisition of campground properties. Lenders are cautiously optimistic, focusing on businesses that demonstrate strong financial health and profitability.
The ability to secure attractive financing terms will depend significantly on the location and financial stability of the campground. Properties in prime locations with a steady stream of campers are more likely to receive favorable loan terms. Conversely, campgrounds in less trafficked areas or those still struggling to regain previous levels of business may face challenges in obtaining financing.
The rise of eco-tourism and the growing preference for sustainable travel also present opportunities for campgrounds. This trend is creating new financing possibilities as developers and investors look to cater to environmentally conscious travelers who seek out campgrounds with green amenities and practices. Lenders are increasingly looking favorably upon businesses that incorporate sustainability into their operations.
The importance of adaptability in the campground industry cannot be overstated. Many facilities have incorporated additional revenue streams such as glamping (glamorous camping), RV rentals, and hosting events to attract a broader audience. Lenders in 2024 are looking favorably upon businesses that have diversified their offerings and demonstrated resilience and innovation in their operations.
Overall, the outlook for campground loans in 2024 is positive, with continued opportunities for businesses to leverage competitive commercial mortgage rates and reinvest in their facilities. However, careful consideration of market conditions, location, and financial health is essential to maximize the benefits of securing a campground loan in the coming year.