Security Mortgage Group Closes Loans for Parks in New York and Pennsylvania
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 refinancing with a 10-year term and a 30-year amortization schedule; the manufactured home community has 138 sites.
Whitney Pointe Estates of Lisle, NY refinanced its 100 sites for $1.5 million in the fall of 2006. In the nearby town of Clarence, NY, the 204-site Rock Oak Estates obtained $5,500,000 in refinancing. Both loans had a 10-year term and a 30-year amortization schedule.
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.