Security Mortgage Group possesses an in-depth knowledge of the RV industry and the availability of loan products for this specific asset class. We understand the uniqueness of campground facilities, including the seasonality, the various forms of income, the typical capital expenditures, and the expense ratios commonly used; because of this, we can deliver funding that maximizes their value.
Security Mortgage Group arranges financing for campgrounds with a minimum loan request of approximately $500,000 although we can provide the most competitive rates for campgrounds seeking loans of over $1 million.
"Many years ago, we realized that this was a very misunderstood property type," says Gerard D. DiMarco, Jr., Managing Director. "RV Campgrounds have been ignored by many local banks and national life insurance companies. We are tapping into non-recourse, fixed rate financing sources and bringing the capital to nationwide campground owners. This allows our clients to focus on managing their properties, not interest rate fluctuations."
Our philosophy is to always be available, over-deliver on promises, and make sure we understand the needs of our clients.
RV Resort Loan Features:
- Acquisition and refinancing mortgages available
- Up to 25 year amortizations
- 75% loan-to-value
- Low short-term and long-term fixed or floating rates available
- Non-recourse available for some properties
- Nationwide service
- Financing for single properties or for portfolios of multiple properties
- Closings in 45-60 days
- Loans ranging from $500,000 to $150,000,000