Co-op share financing for Pinellas Park manufactured home communities

Pinellas Park sits in the heart of Pinellas County, between St. Petersburg and Tampa with quick access to both across the Gandy Bridge. Several of its manufactured-home communities are resident-owned cooperatives — 55+ communities where residents collectively own the land through a cooperative association, and buying a home means buying a co-op share rather than an individually titled lot. Many sit close to the water, with Tampa Bay access a defining feature of the area.

That share structure is exactly why these purchases need a co-op share loan rather than a conventional mortgage — the loan is secured by a corporate share and the home, and most banks and credit unions have no program for it. Atlantic Mortgage does; it’s a core part of our practice.

Co-op share financing is a core part of our practice, not an exception. Atlantic Mortgage & Finance Corp. has specialized in Florida manufactured-home lending since 2007, including the resident-owned community and co-op share loans most lenders decline. We handle these files regularly — the share structure, the proprietary lease, the community-approval process — so a Pinellas Park co-op purchase is handled by a firm that closes them.

If your community is on the approved list and your scenario fits, we’ll tell you plainly. If it doesn’t, we’ll tell you that too.