ROCHESTER, N.Y. - December 4, 2008
Security Mortgage Group is pleased to announce mortgage funding for one retail center and two office buildings in the local Rochester community. The properties had a combined size of 83,700 square feet. All three deals were completed despite the difficulties of placing loans in today's turbulent credit markets.
51 Victor Heights Parkway, a 36,000 square foot office building in Victor, New York, obtained $1,645,000 in refinancing on October 31, 2008.
833 Phillips Road, a 27,000 square foot office and manufacturing building in Victor, New York, also received $2,250,000 in refinancing on November 21, 2008.
160 School Street obtained $535,000 in refinancing on December 2, 2008. This 20,780 square foot retail center is also located in Victor, New York.
Security Mortgage Group is the premier national lending source for Manufactured Home Communities, having received the "Manufactured Home Community Lending Broker of the Year" award in 2004, 2005, and 2006 from the Manufactured Housing Institute.