May 16, 2012
ROCHESTER, N.Y. (May 16, 2012)
Award winning broker, Security Mortgage Group, is pleased to announce three new closings totaling $7,887,500. As the nation's premier MH Community lending broker, Security Mortgage Group has sourced mortgage financing for 4,400 home sites on MH communities across 13 States in the first 5 months of 2012.
On May 16, a $1,900,000 refinance for Blue Springs Village MH Park, a 100 home site community in Kennesaw, Georgia was funded. This loan has a ten year term and a 30 year amortization schedule.
Evergreen Village MH Park of Platteville, Wisconsin acquired $700,000 in acquisition financing on May 15 for its 72 home sites. Finally, Shel-Mar MH Community was issued $5,287,500 in acquisition financing on May 2. This New Philadelphia, Ohio community has 365 home sites and the financing that was arranged for them has a 10 year term and a 30 year amortization.
Security Mortgage Group is a premier national lending source for Manufactured Home Communities, having received the "Manufactured Home Community Lending Broker of the Year" award in 2004, 2005, 2006, & 2009 from the Manufactured Housing Institute. Call us at 585-423-0230 anytime for questions about financing for your community.