ROCHESTER, N.Y. (October 15, 2013)
Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $13,805,000 in financing for several properties nationwide in September and October 2013.
Anthony J. DiMarco, Managing Director, recently helped negotiate refinancing for a repeat client's 607-site Kansas MHC Portfolio with an $8,700,000 non-recourse loan. The loan featured a long-term fixed rate and a 30-year amortization.
In September, Anthony also secured refinancing of a Painesville, Ohio 154 unit Apartment Portfolio for a repeat client totaling $3,355,000 in loan proceeds. The loan featured an attractive long term fixed rate.
Additionally, Security Mortgage Group placed a $1,750,000 loan for repeat client in Dallas, TX. The Riveridge MHP loan featured a flexible prepayment penalty and closed in under 60 days.
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.