Large RV Resort Portfolio Funds
Published August 29, 2008 1643 Views
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...
Security Mortgage Group Closes Over $17 Million in MHC Loans for the First Half of August
Published August 27, 2008 1654 Views
ROCHESTER, N.Y. - August 27, 2008 Security Mortgage Group, a national award-winning Manufactured Housing Community broker, continues to assist many park owners across the nation, providing over $17,000,000 in mortgage financing for four MH Communities in the first half of August. Tower Terrace...
Loan Funding Continues To Be Strong
Published July 10, 2008 1542 Views
ROCHESTER, N.Y. - July 10, 2008 Security Mortgage Group is pleased to announce the mortgage fundings for a shopping center, apartment complex, and RV resort portfolio. The credit markets have not stabilized, and, although placing loans has become more difficult, Security Mortgage Group has closed...
MHC Loan Funding Continues To Be Strong
Published May 15, 2008 1598 Views
ROCHESTER, N.Y. - May 15, 2008 Security Mortgage Group is pleased to announce the mortgage fundings for two manufactured housing communities and an RV resort portfolio. The credit markets have not stabilized, and, although placing loans has become more difficult, Security Mortgage Group has close...
Communities in Central US Receive $14.7M in Financing
Published March 31, 2008 1759 Views
ROCHESTER, N.Y. - March 31, 2008 Security Mortgage Group is pleased to announce mortgage funding for one apartment facility and three manufactured housing communities in Ohio, Kentucky, Iowa, and Texas. The properties contained a combined total of 893 sites and most of the loans contained an inte...
Funding Obtained for Indiana Beach Amusement Resort Portfolio
Published February 20, 2008 1630 Views
ROCHESTER, N.Y. - February 20, 2008 Security Mortgage Group is pleased to announce the loan closing for the acquisition of the Indiana Beach Amusement Park in Monticello, Indiana. Financing was secured in February of 2008 for the amusement and water park and also for Indiana Beach Camp Resort, Yo...
$17.6 Million Financed in Tougher Economy
Published February 1, 2008 1703 Views
ROCHESTER, N.Y. - February 1, 2008 Security Mortgage Group is proud to announce that mortgage financing of $17.6 million on four properties was obtained in January of 2008. Despite the economic downturn and the resulting credit squeeze, we were able to locate funding for one apartment portfolio a...
Over $18 Million in Mortgage Financing Funded for 7 Parks
Published December 31, 2007 1514 Views
ROCHESTER, N.Y. - December 31, 2007 Security Mortgage Group is proud to announce that mortgage financing of over $18 million on 7 parks was obtained at the end of 2007; over 1,100 sites were served. The mobile home parks are situated around the nation: Oregon, Wisconsin, Iowa, Illinois, and New Y...
Security Mortgage Secures Funding for 18 Properties Despite Turmoil in the Market
Published September 1, 2007 1554 Views
ROCHESTER, N.Y. - September 1, 2007 Anthony and Gerry DiMarco closed over $71 million in mortgage financing for 18 properties while the subprime implosion was expanding. On August 24, funding totaling $38,000,000 was secured for a portfolio of 6 RV parks in Maine, Michigan, New Jersey, and New...
RV Resort Financing From Coast to Coast
Published August 9, 2007 1737 Views
ROCHESTER, N.Y. - August 9, 2007 Security Mortgage Group is pleased to announce the mortgage closings for RV parks on both coasts. SMG has arranged financing for campgrounds in 14 states including New York, Florida, Texas, Wisconsin, Maine, and California in 2006 and 2007. Lake Bryant MH and R...
Loan Closings in Summer of 2007
Published August 8, 2007 1467 Views
ROCHESTER, N.Y. - August 8, 2007 Security Mortgage is pleased to announce the following mortgage closings, which have brought savings and reduced interest rate risk to clients across the nation. Meridian Cherry MH Community secured $1,746,250 in refinancing on August 8, 2007. This community, l...
Community Financing of $9,385,000 Secured in Early June
Published June 18, 2007 1729 Views
ROCHESTER, N.Y. - June 18, 2007 Security Mortgage Group is pleased to announce mobile home community loan closings in Illinois and Oklahoma. To date in 2007, SMG has provided financing for over 7,500 sites nationwide. Airway Mobile Home Park of Oaklawn, Illinois secured $8,250,000 in permanent...
RV Resort Financing From Coast to Coast
Published June 12, 2007 1674 Views
ROCHESTER, N.Y. - June 12, 2007 Security Mortgage Group is pleased to announce the mortgage closings for RV parks on both coasts. SMG has arranged financing for campgrounds in 14 states including New York, Florida, Texas, Wisconsin, Maine, and California in 2006 and 2007. Wine Country RV Resor...
Indiana Storage Portfolio Secures $4,450,000
Published June 11, 2007 1621 Views
ROCHESTER, N.Y. - June 11, 2007 Financing totaling $4,450,000 was obtained for an Evansville, Indiana self storage portfolio. Pollack Avenue Mini Storage refinanced its 509 units. Eastland Storage and St. George Storage obtained acquisition financing for their 460 and 205-unit facilities, respect...
Four MHCs in Texas and Kentucky Secure Financing
Published May 31, 2007 1609 Views
ROCHESTER, N.Y. - May 31, 2007 Security Mortgage Group is pleased to announce the mortgage closings for four mobile home communities in Texas and Kentucky. Financing for all four communities was structured with a 10 year term and a 30 year amortization schedule. Fiesta Mobile Home Park, a 275...
Several Small Communities Secure Financing
Published April 24, 2007 1521 Views
ROCHESTER, N.Y. - April 24, 2007 Homestead and Yarwood Mobile Home Parks in Radcliff, Kentucky secured $1,400,000 in refinancing at the end of March 2007. The 192-site community portfolio was closed through our small loan program with lender's closing costs capped at $6,000 and an advance rate lo...
Three Northeast RV Resorts Secure Financing
Published March 23, 2007 1532 Views
ROCHESTER, N.Y. - March 23, 2007 Mortgage financing totaling $29,840,000 was secured for three separate RV Camping Resorts in February and March of 2007. An undisclosed RV Resort in New England closed on $19,000,000 in refinancing on February 9, 2007. On March 19 and 23, two undisclosed RV res...
Two Small Storage Loans Closed
Published March 20, 2007 1502 Views
ROCHESTER, N.Y. - March 20, 2007 Security Mortgage Group LLC is pleased to announce 37 community closings nationwide to date through its small loan programs. Besides making affordable financing available, our small loan program also caps lender's closing costs at $6,000; including lender's legal...
Combination A-Note and Mezzanine Financing Portfolio Secured for a Returning Client
Published March 9, 2007 1714 Views
ROCHESTER, N.Y. - March 9, 2007 Anthony DiMarco, Managing Director of Security Mortgage Group, closed $24,825,000 in permanent mortgage financing in March 2007 for a 3-property portfolio owned by a returning client. An undisclosed Southern Ohio Manufactured Home Community acquired an A-note of...
The DiMarco Brothers Arrange $55 Million in Financing in January 2007
Published February 1, 2007 1654 Views
ROCHESTER, N.Y. - February 1, 2007 Security Mortgage Group closed loans for 9 properties in January 2007 with the cumulative financing totaling $55 million. Acquisition financing for McClenathan Mobile Home Park of Fredonia, New York was secured on January 5, 2007 for a returning client. The loan...
Financing For Mobile Home Park Communities & Campgrounds of All Sizes
Published December 1, 2006 1648 Views
ROCHESTER, N.Y. - December 1, 2006 Security Mortgage Group, a 3-time national award winning Manufactured Home Community lending broker, is pleased to announce the mortgage closings for several properties. Wilderness Park, located in Warren, PA recently closed on $1,212,000 in acquisition finan...
Security Mortgage Group Finances $53 Million RV Park Portfolio
Published September 26, 2006 1550 Views
ROCHESTER, N.Y. - September 26, 2006 Gerard D. DiMarco, Jr. secured commercial mortgage financing totaling $53,650,000 for a 5-property RV park portfolio on September 26, 2006. The portfolio includes Wagon Wheel RV Resort of Maine, Lake George Family RV Resort of New York, Indian Creek RV Resort...
Security Mortgage Group Closes Loans for Parks in New York and Pennsylvania
Published September 25, 2006 1574 Views
ROCHESTER, N.Y. - September 25, 2006 Security Mortgage Group, a 3-time national award-winning Manufactured Housing Community lending broker, is pleased to announce the mortgage closings for several MH communities. Mount Rock Manor of Shippensburg, PA recently acquired $1.8 million in refinanci...
Ohio, Kentucky, Texas, & Louisiana Parks Receive Security Mortgage Group Financing
Published September 10, 2006 1718 Views
ROCHESTER, N.Y. - September 10, 2006 Security Mortgage Group, a three time national award-winning MHCommunity lending broker, is pleased to announce the mortgage closings for several properties. Magnolia MH Community & RV Park recently acquired refinancing totaling $1,800,000 with a 10 year te...
Security Mortgage Group Closes $83 Million in RV Park Financing in 2 Weeks
Published August 8, 2006 1603 Views
ROCHESTER, N.Y. - August 8, 2006 Security Mortgage Group, three time winner of MHI's Community Lending Broker of the Year award, is pleased to announce the closing of a $77.5 million mortgage loan on 12 RV properties throughout the eastern United States. The properties were located in Florida, Ne...
$12.7 Million in Financing Closed on Five Parks
Published August 1, 2006 1805 Views
ROCHESTER, N.Y. - August 1, 2006 Anthony and Gerry DiMarco of Security Mortgage Group, winners of MHI's Community Broker of the Year Award for 2004, 2005, and 2006, are pleased to announce the closings of 5 properties in July of 2006 in New Jersey, Ohio, New York, and Florida. Anthony DiMarco...
Security Mortgage Group Closes Several Small Multifamily Loans in New Jersey, New York, & Texas
Published July 12, 2006 1568 Views
ROCHESTER, N.Y. - July 12, 2006 In Union City, New Jersey, acquisition financing of $425,650 was obtained for 714 22nd Street, an 8-unit apartment building. This loan had a 60-day advance rate lock option and lender's closing costs were capped at $3,500. On June 30, 2006, Gastonian Condos rece...
Multiple Small Loan Closings Nationwide: Bringing Capital With Low Lender Closing Costs
Published July 6, 2006 1479 Views
ROCHESTER, N.Y. - July 6, 2006 Security Mortgage Group is please to announce the closings of five small loans in June and the beginning of July 2006. These loans are very affordable, with lenders closing costs of only $5,500 for a MH community and $3,500 for an apartment building. Stonegate MH...
3-Park Portfolio Closed With Less Than $6,000 in Lender Costs
Published May 31, 2006 1642 Views
ROCHESTER, N.Y. - May 31, 2006 Anthony and Gerry DiMarco of Security Mortgage Group recently received MHI's Community Broker of the Year Award for 2006, given for the third year in a row in recognition of the tremendous resources they devote to the industry, bringing institutional capital to comm...
Security Mortgage Group Funds 5 Mobile Home Park Communities Across the Nation
Published March 30, 2006 1695 Views
ROCHESTER, N.Y. (March 30, 2006) Security Mortgage Group offers clients a variety of loan options, tailoring its financing package to the unique needs of the community owner. Shepherd Mobile Estates, a 38-site community in Fisher, IL, closed on $315,000 in refinancing in March 2006 with closin...