CashFlow Quest Episode 17
What MHC Lenders Look For & How to Secure the Best Loan (ft. Art Tuverson)
In this episode of CashFlow Quest, hosts Blake Comfort, Jennifer Purcell, and Ben Schuester sit down with Art Tuverson from Berkadia, nicknamed ‘The Surgeon’ for his loan process expertise. They cover key lending principles like loan-to-value ratios and debt service coverage, and how MHC loans differ from traditional multifamily financing. Art explains the importance of asset quality and location, and strategies for structuring loans to maximize cash flow. Lastly, they touch on interest-only loans, the challenges of negative leverage, and predictions for 2025 interest rates.
Art Tuverson is a highly experienced Managing Director of Mortgage Banking for Berkadia Manufactured Housing based in San Clemente, CA. With over 25 years of expertise, he specializes in providing debt and equity capital for various property types across the nation. Art’s focus lies in the manufactured housing community and RV resort industry, where he excels in arranging agency, conduit (CMBS), life company, bank, and bridge first mortgages. Additionally, he is well-versed in structuring participating debt, preferred equity, and joint venture equity arrangements.
Listeners can connect with Art Tuverson on LinkedIn @ArthurWTuverson, and at Berkadia
Benjamin Schuster leads Capital Formation and Investor Relations for Comfort Capital. Listeners can connect with Benjamin Schuster on LinkedIn @BenjaminSchuster
Blake Comfort
Blake Co-Founded Comfort Communities in 2008 and began working to acquire manufactured home communities in order to build the investment and management company that exists today. Comfort Communities first manufactured home community was purchased in 2009 and has continued to grow and purchase many more manufactured home communities ever since. Blake currently handles all the business development & acquisitions for Comfort Communities.