A Park-Level Approach to Manufactured Housing Finance
Activating unused home sites and supporting home sales to increase lot rent, expand park cash flow, and create structured private credit.
Keyhole Connect provides revolving lines of credit to manufactured housing community owners, enabling them to place homes on currently unused home sites or finance residents purchasing existing homes within the community.
Each occupied home generates additional monthly lot rent for the park, increasing recurring cash flow and improving the overall value of the community. At the same time, the platform earns structured interest income on deployed capital, creating a scalable asset-backed private credit model aligned with park operations.
How community owners benefit:
-
Place homes on unused home sites to increase occupancy
-
Finance resident purchases of existing homes within the community
-
Increase recurring lot rent and park cash flow
-
Improve park valuation through higher stabilized income
A Park-Level Approach to Manufactured Housing Finance
Activating unused home sites and supporting home sales to increase lot rent, expand park cash flow, and create structured private credit.
Keyhole Connect provides revolving lines of credit to manufactured housing community owners, enabling them to place homes on currently unused home sites or finance residents purchasing existing homes within the community.
Each occupied home generates additional monthly lot rent for the park, increasing recurring cash flow and improving the overall value of the community. At the same time, the platform earns structured interest income on deployed capital, creating a scalable asset-backed private credit model aligned with park operations.
How community owners benefit:
-
Place homes on unused home sites to increase occupancy
-
Finance resident purchases of existing homes within the community
-
Increase recurring lot rent and park cash flow
-
Improve park valuation through higher stabilized income
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
How the Platform Works
Investor Capital
Park Line of Credit
Homes Placed
Resident Purchase
Lot Rent Increases
Park Cash Flow
Park Value Increases
Refinance / Payoff
Investors Paid
Capital Recycled
Lot Rent Increases
How Secure is my Investment
The platform is designed with multiple layers of structural protection intended to safeguard investor capital.
Financing is extended at the park ownership level rather than to individual residents, aligning repayment responsibility with the operating business that controls occupancy, home placement, and community management.
Each facility is supported by secured collateral positions on the homes placed within the community, while park-level repayment obligations remain in place regardless of individual resident performance. In addition, approved facilities are supported by credit insurance coverage and ongoing operational visibility into park performance.
Together, these protections create a structured credit framework designed to prioritize capital preservation while supporting stable, income-producing growth.
21 Million Americans Live in Mobile Homes
6% of the U.S. population already chooses this affordable housing option.
We Turn
Affordable
Housing Into
Predictable
Profits.
21 Million Americans Live in Mobile Homes
6% of the U.S. population already chooses this affordable housing option.
21 Million Americans Live in Mobile Homes
6% of the U.S. population already chooses this affordable housing option.
21 Million Americans Live in Mobile Homes
6% of the U.S. population already chooses this affordable housing option.
21 Million Americans Live in Mobile Homes
6% of the U.S. population already chooses this affordable housing option.
We Turn
Affordable
Housing Into
Predictable
Profits.
21 Million Americans Live in Mobile Homes
6% of the U.S. population chooses this affordable housing option.
We Turn
Affordable
Housing Into
Predictable
Profits.
6% of the U.S. population already chooses this affordable housing option.
21 Million Americans Live in Mobile Homes
Selling Strong.
Funding More.
Growing Faster.
Over the next decade, Keyhole Connect expects to build a robust secondary market for our mobile home loans, creating an additional revenue stream through bulk loan sales to institutional buyers.
By packaging seasoned, performing loans with our proven Loan Guarantee structure, we anticipate commanding premium pricing while freeing up capital to redeploy into new originations.
This recycling of funds will accelerate growth, increase monthly loan volume, and enhance investor returns, all while maintaining the stability and risk mitigation that make our portfolio attractive to both buyers and partners.
How Secure Is My Investment?
Homes financed under the program are titled with properly perfected lien positions, providing secured collateral tied directly to tangible housing assets within the community.
Asset-Backed Collateral
Each home is supported by a guarantee from the park owner. If a resident defaults, the park remains responsible for repayment of the loan, ensuring the obligation remains tied to the operating busines.
Park Loan Guarantee
The platform is designed with multiple layers of structural protection intended to safeguard investor capital. Financing is extended at the park ownership level rather than to individual residents, aligning repayment responsibility with the operating business that controls occupancy, home placement, and community management. Each facility is supported by secured collateral positions on the homes placed within the community, while park-level repayment obligations remain in place regardless of individual resident performance. In addition, approved facilities are supported by credit insurance coverage and ongoing operational visibility into park performance. Together, these protections create a structured credit framework designed to prioritize capital preservation while supporting stable, income-producing growth.
Each approved park facility is supported by a credit insurance policy covering up to 90% of drawn principal in the event of park-level default, subject to underwriting approval and policy terms.
Credit Insurance Protection
The park ownership entity remains fully responsible for repayment of advances under its commercial Line of Credit regardless of individual resident performance.
Park-Level Repayment Obligation
How Investors Earn Returns
Investor returns are generated through structured interest income on capital deployed through the platform. Funds are advanced to qualified manufactured housing communities through secured revolving Lines of Credit used to place homes on vacant home sites or finance resident purchases within the community.
As homes become occupied, communities generate recurring lot rent while the platform earns interest income on the deployed capital. Because financing is structured at the park level, capital can be deployed across multiple homes within a community rather than being limited to a single borrower transaction.
When homes are refinanced or paid off, principal is returned along with accrued interest and applicable payoff fees. Returned capital is then redeployed into new home placements, allowing the same investment capital to generate income across multiple cycles over time.
Interest Income
Investors earn interest on capital deployed through the platform based on the spread between the platform’s lending rate and its cost of capital.
Payoff Events
When resident loans refinance or are paid off, principal is returned along with accrued interest and contractual payoff fees.
Capital Recycling
Returned principal is redeployed into new homes within partner communities, allowing capital to generate recurring income across multiple placements.
Investment
Structure
LOAN SIZE
$25,000 - $100,000
BORROWER RATE
14% - 17%
INVESTOR YIELD
10% - 12%
Example Deal
Loan Amount
$50,000
Borrower Interest Rate
15%
Loan Term
10 Years
Monthly Payment
$805
Investor Yield
11.5%
Annual Interest Income
$5,7000
3-Year Interest Earned
$17,100
LOAN TERMS
5 Years, 10 Years
PAYMENTS
Monthly P&I
COLLATERAL
Titled Homes
Our Loan Guarantee
Makes Us Different
Keyhole Connect’s Loan Guarantee ensures that if a borrower cannot make their loan payments, the park owner or another designated guarantor steps in to either continue making the monthly payments or pay off the remaining loan balance.
This safeguard keeps the home in the community, protects investor returns, and provides a clear process for recovering and reselling the home if needed.
By preventing homes from being lost to outside buyers at auction, the Loan Guarantee preserves community stability, protects all parties financially, and supports the long-term growth of mobile home ownership.
Benefits for Everyone
Win - Win - Win
Borrowers gain access to financing they may not qualify for elsewhere and enjoy the stability of remaining in their home and community.
Investors receive attractive, well-protected returns with contractual safeguards against loss and the assurance that their investment remains tied to a tangible, high-demand asset.
Guarantors retain valuable homes in their community, maintain occupancy rates, and have a process for recovering and reselling homes after a default.
Long-Term Portfolio Strategy
Over time, Keyhole Connect intends to develop a secondary market for our manufactured home loans by selling seasoned, performing loans in bulk to institutional buyers.
By packaging stabilized loans together with our Loan Guarantee structure, we expect to create portfolios that are attractive to larger capital providers seeking predictable cash flow and asset-backed yield.
This strategy allows capital to be recycled into new originations, accelerating platform growth while maintaining the disciplined underwriting and risk management that define our model.
SHERMAN ARNOWITZ
Founder & CEO
Platform Track Record
Capital Financed
$50M+
Active States
25
MH Loans Originated
200+
Loans Managed
1,000+
Real Estate Experience
Over 25 Years
Experience Behind the Platform
Keyhole Connect was founded by Sherman Arnowitz, who has more than two decades of experience in real estate-backed lending. Through his earlier company, Keyhole Financial Services, Sherman acquired and managed portfolios of non-performing mortgage loans, successfully restructuring and returning many of them to performing status.
Across both platforms, more than $50 million in loans have been financed across 20 states, including the origination of over 200 manufactured home loans through Keyhole Connect and the management and resolution of more than 1,000 residential mortgage loans through Keyhole Financial Services.
This experience in underwriting, servicing, and resolving real estate-backed debt forms the foundation of the Keyhole Connect platform today.
Explore Current Investment Opportunities
Keyhole Connect works with a limited number of investors to finance manufactured home placements within established communities.
If you’re interested in learning more about current investment opportunities, complete the short form and a member of our team will reach out with additional details.
Investment opportunities are offered on a limited basis and subject to availability.
Underwriting Review
Applicants submit a detailed borrower application for financial review by the underwriter. They evaluate the applicant's financial stability and readiness to take on the responsibilities of park residency and homeownership.
Obtaining 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.
Financing The Deal
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.
Loan Servicing
Our 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.
Navigating the Keyhole Connect Process
Underwriter
Review
Underwriting
Process
Underwriting
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Applicants submit a detailed borrower application for financial review by the underwriter.
The evaluate the applicant's financial stability and readiness to take on the responsibilities of park residency and homeownership.
Home
Insurance
Home
Insurance
Insurance
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
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.
Funding
& Closing
Funding
& Closing
Funding
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
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.
Loan
Servicing
Loan Servicing
Servicing
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Our 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.
Navigating the Keyhole Connect Process
Underwriter
Review
Underwriting
Process
Underwriting
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Applicants submit a detailed borrower application for financial review by the underwriter.
The evaluate the applicant's financial stability and readiness to take on the responsibilities of park residency and homeownership.
Home
Insurance
Home
Insurance
Insurance
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
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.
Funding
& Closing
Funding
& Closing
Funding
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
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.
Loan
Servicing
Loan Servicing
Servicing
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Our 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.