ROCHESTER, N.Y. (May 1, 2012)
Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $19,580,000 in financing for several communities nationwide in April.
Anthony DiMarco, Managing Director, helped negotiate the financing of a multi-state manufactured home community portfolio for $14,780,000 for a repeat client. The non-recourse loan featured a low long-term fixed rate with 30-year amortization. The portfolio consisted of 1067 sites with properties in Colorado, Illinois, Indiana, Kentucky and Nebraska. Some of the amenities in the parks include playgrounds, pools, storage and on-site recreation areas.
Gerard D. DiMarco, also a managing director, recently provided non-recourse financing on two manufactured home communities totaling 587 sites for a repeat client in Ft. Worth, Texas. The $4,800,000 loan featured a 25-year amortization and closed in under 50 days.
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.