Small Loan Program Refinance in January
ROCHESTER, N.Y. (January 30, 2016)
Security Mortgage Group, a national award-winning Mobile Home Park lending broker, is pleased to announce two new loans in January 2016, one of which went through our small loan program.
Island Lake Mobile Home Park of Hamilton, Ohio acquired $795,000 in permanent mortgage financing on January 15, 2016 on its 120 home sites. The loan was funded through our small loan program with capped closing costs, a flexible prepayment penalty and a cash out refinance.
An undisclosed Mobile Home Park in the midwest secured over $8,000,000 with a 4.45% long term fixed rate; this January 2016 loan was obtained for a repeat client.
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.