ROCHESTER, N.Y. - October 31, 2008
Security Mortgage Group is pleased to announce that an two mobile home communities acquired financing in September and October of 2008.
Crystal Springs Manufactured Housing Community of Sumner, Washington obtained financing of $1.2 million on October 17, 2008. The refinance for this 43-home site community had a 60-day advance rate lock. The small loan also was structured with capped lender's fees.
Lakeside Village Manufactured Home Community secured acquisition financing on October 31, 2008. The loan for the 74-home site community in Highland Mills, NY was for a total of $2,074,000.
Security Mortgage Group is the premier national lending source for Manufactured Home Communities, having received the "Manufactured Home Community Lending Broker of the Year" award in 2004, 2005, and 2006 from the Manufactured Housing Institute.