ROCHESTER, N.Y. - August 29, 2008
Security Mortgage Group is pleased to announce that a complex loan for an RV resort portfolio containing four campgrounds and 1,125 sites has closed. This $24,850,000 non-recourse loan for a returning client requires interest-only payments for the first 24 months and is amortised over 30 years. Three of the properties are refinances and the other is an acquisition. The resorts are located in Florida and Massachusetts.
Security Mortgage Group is the premier award-winning national lending source for RV campgrounds and resorts. To learn more about how we can help your business save money, please call (585) 423-0230 today.