ROCHESTER, N.Y. (April 10, 2012)
Security Mortgage Group is pleased to announce three closings for financing on three communities and 23 other properties in April of 2012.
In Fort Worth, Texas, Colinas del Bosque and La Hacienda Esconida MH Parks secured $4,800,000 in permanent mortgage financing. These two communities have a total of 587 home sites and their loan closed on April 10, 2012.
Matina Home Portfolio Apartments acquired $1,250,000 in permanent mortgage financing on April 9, 2012. This unique portfolio was comprised of 23 single family homes in Rochester, New York.
Finally, on April 5, 2012, Scenic Acres MH Park closed on $1,825,000 in acquisition financing. The 207 home-site community in Louisville, KY had the loan structured with a 10 year term and a 30 year amortization schedule.
Security Mortgage Group is a premier national lending source for Manufactured Home Communities, having received the "Manufactured Home Community Lending Broker of the Year" award in 2004, 2005, 2006, & 2009 from the Manufactured Housing Institute.