August 12, 2019
ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed over $10,149,000 for several Manufactured Home Communities in June 2019 as follows:
Managing Director, Gerard D. DiMarco, Jr., provided refinancing for a repeat client’s 225-site Michigan MHC. The $4,225,000 loan featured flexible prepayment terms and capped closing costs.
Anthony J. DiMarco, the other Managing Director, secured a 4-year interest only acquisition loan for $4,424,000 for a repeat client’s 156-site Maine MHC. The loan features a long term fixed rate and 30 year amortization following the interest only period.
Vice President, Pierce Redmond negotiated refinancing for a client’s New Mexico MHP with a $1,500,000 loan featuring a fixed rate and flexible prepayment terms.
Security Mortgage Group is a premier national lending source for Manufactured Home Communities, and is a four-time recipient of the “Manufactured Home Community Lending Broker of the Year” award given by the Manufactured Housing Institute. Call us at 585-423-0230 anytime for specific questions on financing for your community.