February 20, 2014
ROCHESTER, N.Y. (February 20, 2014)
Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have provided $26,860,000 in financing for several properties nationwide in January and February 2014.
Recently, Anthony J. DiMarco, Managing Director, secured non-recourse acquisition financing of $2,260,000 for a repeat client. The 163-site Hi-Vue Estates Mobile Home Park is located in Sartell, MN and the loan features a long-term fixed rate.
In January, the other Managing Director, Gerard D. DiMarco, Jr. helped negotiate refinancing for a repeat client with a long term fixed rate loan of $4,000,000. The 97-site Ridgewood Mobile Home Park is located in Lakewood, CO.
Gerard also secured a $14,200,000 non-recourse acquisition loan for repeat client. The 1,000 site Clinton Mobile Home Community, located in Clinton Township, MI includes amenities such as a clubhouse, swimming pool, playground, fitness center and RV storage.
Finally, Gerard recently secured a $6,400,000 acquisition loan for the 338-site Imperial MHC in Lexington, KY. The non-recourse loan features a 30-year amortization and a long-term fixed rate.
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.