It was recently announced that Brandon Turner, of Bigger Pockets fame, lost $15 million on a single apartment complex. In fact, apartment loan defaults now stand at around 8% in the U.S., while mobile home park loan defaults are less than 1%. In this short video, Frank Rolfe explains the key drivers that make apartment and mobile home park loan default ratios so different, as well as predictions for the future of these two asset classes.
