March 28, 2012
ROCHESTER, N.Y. (March 28, 2012)
Security Mortgage Group is pleased to announce five mortgage closings for communities in 5 States across the country in the month of March.
Summit Chase Apartments of Binghamton, New York acquired $9,782,000 in permanent mortgage financing on March 28. This mortgage was structured with a 10 year term and a 30 year amortization schedule.
On March 23, Parkview Terrace MH Park secured $249,000 in permanent mortgage financing. The Marshfield, WI community has 175 home sites.
Hidden Cove MH Community acquired $3,840,000 in acquisition financing on March 16. The 282-homesite community is located in Bedford, Ohio.
Camino Vista MH Park of Phoenix, Arizona closed on permmanent mortgage financing on March 14. The $2,300,000 loan for the 101 homesite community was structured with a 10 year term and a 30 year amortization schedule.
An Undisclosed MH Community in the Northeast with approximately 130 home sites arranged $2,381,000 in permanent mortgage financing on March 2. This loan was also prepared with a 10 year term and a 30 year amortization.
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.