“Flagged NOI seasonality discrepancy — re-underwrote to 1.18× and walked.”
RV parks and campgrounds don't fit a clean multifamily mold — revenue is seasonal, rate structures stack daily/weekly/monthly, and lenders need you to prove the cash flow isn't a single good summer. AssetForge normalizes all of it: TTM by season, RevPAR by site type, and a stress-tested pro forma that accounts for weather risk and tourism beta.
Upload your POS reports, reservation data, and photos. The report walks through site-type revenue (RV vs tent vs cabin vs long-term), ancillary income (store, laundry, activities), and a realistic take on what a lender will underwrite versus what's in the OM.
We publish one full reference report so you can read every section before you upload anything. The structure is identical for rv park & campground deals — the same 14 sections, the same depth, the same lender-ready output.
Breaks the TTM into peak / shoulder / off-season and stress-tests whether the deal pencils if peak underperforms by 20%.
RV / tent / cabin / long-term — each priced, occupancy-modeled, and benchmarked against the regional market.
RV parks often qualify for SBA financing. The report flags owner-occupancy requirements and eligible use-of-proceeds.
Store, propane, laundry, firewood, activities — these can double a park's NOI. The report isolates them so you see core-site NOI separately.
Our RV park underwriting service handles every iteration of the asset class: transient RV, long-term RV, glamping, cabin parks, and mixed RV/MHP. Each site type is modeled separately — daily/weekly/monthly rate stacks are deconstructed, ancillary income (store, propane, laundry, activities) is isolated, and the stabilized pro forma is built on lender-defensible occupancy, not operator dreams.
A 1.45× DSCR at peak season can collapse to 0.85× in the off-season. Our RV park DSCR analysis normalizes the TTM into peak/shoulder/off-season, stress-tests a 20% peak-revenue shortfall, and shows you the lender-perspective DSCR — not the broker-pitch DSCR. We benchmark against SBA 7(a) and 504 thresholds and flag deals that need supplemental liquidity reserves.
RV parks are one of the few hospitality-adjacent asset classes that routinely qualify for SBA financing. RV park SBA eligibility hinges on owner-occupancy (typically the management role), business operating history, and a meaningful service component. Our eligibility module screens against SOP 50 10 8 and tells you whether 7(a), 504, or conventional is the right path for this specific deal.
Yes. Glamping resorts and cabin parks are modeled as hospitality-lite — RevPAR, ADR, and occupancy metrics are calculated per site type, and the report compares them to boutique lodging benchmarks.
Long-term tenants are underwritten separately as they materially change the credit profile — more stable cash flow but lower ADR. The report flags the mix and adjusts the valuation accordingly.
AssetForge is built for stabilized and value-add acquisitions. For development deals, it can analyze the stabilized pro forma but does not replace a construction budget review.
Plain-English explainers covering the formulas, eligibility rules, and risk flags that drive rv park & campground deals.
How to value a seasonal park — RevPAR, occupancy normalization, and weather risk.
Read guide →Which SBA program fits which RV park deal — and what disqualifies you instantly.
Read guide →Why hospitality-adjacent assets need a wider cap-rate sensitivity than apartments.
Read guide →Start with a free Go/No-Go screen. Upgrade only if the deal looks real.
AI-generated informational analysis only — not financial, legal, lending, or appraisal advice. Not a substitute for a licensed MAI-certified appraisal or professional due diligence. All figures, projections, and market estimates must be independently verified by qualified professionals before any capital decision is made.
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