ROCHESTER, N.Y. - June 12, 2007
Security Mortgage Group is pleased to announce the mortgage closings for RV parks on both coasts. SMG has arranged financing for campgrounds in 14 states including New York, Florida, Texas, Wisconsin, Maine, and California in 2006 and 2007.
Wine Country RV Resort of Paso Robles, California closed on $5,000,000 in refinancing on April 30, 2007. The 166-site resort's financing was structured with a 10 year term and a 30 year amortization schedule.
Across the nation in West Ossipee, New Hampshire, the 265-site Westward Shores Camping & Marina secured $7,000,000 in refinancing. Also in New England, an undisclosed RV campground resort obtained $5,000,000 in acquisition financing.
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.