October 22, 2008
ROCHESTER, N.Y. - October 22, 2008
Placing loans in today's turbulent credit markets has become an arduous task. Despite this difficulty, Security Mortgage Group has closed more than $117 million in loans for 20 properties thus far in 2008.
On October 22, 2008, Security Mortgage Group was proud to say they did it again with another mortgage funding for Prospectors RV Resort in Lake Havasu City, AZ.
The owners of Prospectors RV Resort refinanced their 116 sites and 5 apartment units including a heated pool, laundry facility, fitness room, television lounge and clubhouse for $1,432,000. This loan included long term financing with a 20-year amortization, per the borrower's request.
Security Mortgage Group is the premier national lending source for Manufactured Home Communities, RV Parks, Storage Facilities, Multi Family and other income producing property types.