ROCHESTER, N.Y. (August 3, 2012)
Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $12,935,000.00 in financing for several communities nationwide in July.
Anthony DiMarco, Managing Director, recently provided financing for two separate manufactured home community owners. A loan of $2,500,000.00 was secured for the150-site Creek & Pines MHC in Ballston Spa, New York. Anthony also secured a loan of $7,830,000.00 for repeat client Pinewood MHC with 352 sites in Tomball, Texas. Both loans were non-recourse and featured long-term fixed rates.
Pierce Redmond helped negotiate the financing for 121-site Shadow Hills RV Resort in Indio, California with a $2,605,000.00 loan. This loan also featured an attractive long-term fixed rate.
According to Anthony: "our success can be attributed to the quality of our clients and our relationships with our lending contacts. Our lenders are experienced, knowledgeable, and excited about bringing financial stability to the manufactured home community industry."
Security Mortgage Group is a premier national lending source for Manufactured Home Communities, and 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 specific questions on financing for your community.