Mobile Home Park Loan Closings in June and July 2015
ROCHESTER, N.Y. (August 13, 2015)
Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $45,700,000 in financing for several manufactured home communities nationwide in June and July.
Managing Director, Anthony J. DiMarco, helped negotiate refinancing for a repeat client on the 396-site Timbercrest Village MHC in Spring, TX with a loan of $12,500,000. The loan featured flexible terms and repayment options. Additionally, for the same client Anthony negotiated financing of a five star community with a $6,500,000 loan. The 140-site Littlebrook MHC is located in Roseburg, OR.
Anthony also secured a mortgage for a repeat client for a total of $9,800,000. The 360-site Whispering Oaks MHC is located in Louisville, KY.
Gerard D. DiMarco, Jr., the other Managing Director, secured financing on the 162-site Lake Erie MHC in Fredonia, NY. The $2,900,000 non-recourse loan featured a 10 year fixed interest rate and 30 year amortization.
Gerard also helped a repeat client refinance a $14,000,000 loan in Burleson, TX. The North Texas Jellystone and Pirate's Cove Waterpark is a five star family vacation destination facility.
Security Mortgage Group is a premier national lending source for Manufactured Home Communities, and is a four-time recipient of the "Manufactured Home Community Lending Broker of the Year" award given by the Manufactured Housing Institute. Call us at 585-423-0230 anytime for specific questions on financing for your community.