RV Park Loan Rates: What to Expect by Loan Type

Today's rate drivers LIVE

The base rates that set RV park loan pricing, pulled from official sources. Updated October 29, 2026.

Rate	Current	What it drives
Prime Rate	7.00%	Base for SBA 7(a) loans
SOFR	3.94%	Benchmark for many variable commercial loans
Fed Funds (target)	3.75%–4.00%	Set by the Federal Reserve; moves Prime
10-Year Treasury	4.98%	Drives long-term fixed commercial rates

What this means for an SBA 7(a) park loan today: the rate is Prime (7.00%) plus the lender's spread, which the SBA caps. On a typical park acquisition that lands roughly 9.25%–9.75% right now — your actual rate depends on loan size, term, and your deal's strength.

Prime is the Wall Street Journal Prime Rate (Fed Funds target upper bound + 3.00%). Live figures from the U.S. Treasury and Federal Reserve Bank of New York, generated 2026-10-30T19:32:48Z. Base rates only — not a rate quote or loan offer.

Quick Answer

RV park and campground loan rates vary by program. SBA 7(a) rates are typically the market prime rate plus a lender spread, adjusting periodically. SBA 504 offers long fixed rates on the real-estate portion. Conventional commercial loans run a wide band depending on the bank and your strength. Bridge / hard money is the most expensive, roughly 9–13%, in exchange for speed. What matters more than the headline rate is the full package — term, amortization, fixed vs variable, and prepayment.

Rates by loan type How an SBA rate is built What moves your rate Fixed vs variable Why the rate isn't the whole cost

RV park loan rates by type

Typical ranges to orient you — not live quotes. Rates change constantly.

Loan type	How the rate works	Term / amortization
SBA 7(a)	Prime + lender spread, adjusts periodically; sometimes fixed	Up to 25 yr, fully amortizing
SBA 504	Long-term fixed on the CDC portion	20–25 yr
USDA B&I	Negotiated with the lender, often slightly below conventional	Up to 30 yr
Conventional	Bank-set; wide band by lender and borrower strength	5–10 yr term, 20–25 yr amort, often a balloon
Bridge / hard money	Roughly 9–13%, interest-only	12–24 mo

General ranges for orientation, drawn from industry lending data; not live quotes and not a rate offer. SBA rates move with the prime rate, and every lender prices a deal differently. Confirm current numbers with a lender before you count on them.

How an SBA 7(a) rate is actually built

SBA loans are the most common way to finance a park, and their rate isn't pulled from thin air — it's a formula. The rate is a base rate plus a spread the lender adds, and the SBA caps how large that spread can be.

Base rate: usually the national Prime Rate (the one you see in the news), sometimes an SBA optional peg or LIBOR/SOFR successor.
Lender spread: added on top, within SBA maximum limits that depend on loan size and term. Bigger, longer loans carry smaller allowed spreads.
Adjustment: most 7(a) rates are variable and reset on a set schedule (often quarterly) as the base rate moves.

The takeaway: when Prime moves, your 7(a) rate moves with it. That's why locking the rest of the package — term, amortization, prepayment — matters as much as the rate on day one.

What moves your rate up or down

Two buyers, same park, can get different rates. Here's what the lender is pricing:

Debt service coverage (DSCR). A park whose cash flow comfortably covers the payment (1.25x+ is a common floor) is lower risk, and lower risk earns a better rate.
Loan-to-value. More equity in the deal (a bigger down payment) generally means a better rate. Typical LTV runs 65–75% on conventional.
Your profile. Credit, net worth, liquidity, and park operating experience all move the number.
The park itself. A stabilized park with clean books prices better than a distressed or unproven one.
Loan size and term. On SBA loans, larger and longer loans carry lower maximum spreads.

Fixed vs variable: which matters for a park

This is the choice that outlives the headline rate.

Variable (common on SBA 7(a)): starts competitive but resets as Prime moves — your payment can rise. Fine if you expect to refinance or the deal has cushion.
Fixed (common on SBA 504 and some conventional): payment certainty for the long haul, which protects a park's often-seasonal cash flow from rate shocks.

For a park with tight or seasonal margins, the predictability of a fixed rate can be worth more than a slightly lower variable one. Match the rate structure to how steady the cash flow is.

Why the rate isn't the whole cost

A lower rate with worse terms can cost you more than a higher rate with good ones. Before you compare quotes on rate alone, weigh:

Amortization — a 25-year schedule means a far lower payment than a 15-year one at the same rate.
Balloon — conventional loans often balloon in 5–10 years, forcing a refinance; SBA/USDA usually don't.
Prepayment penalty — some loans charge to pay off early. It matters if you plan to sell or refinance.
Fees — SBA guarantee fees, packaging, and closing costs are part of the true cost of capital.

The smart move is to see competing offers side by side and compare the whole package, not just the rate on the front page.

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