Recent Press Releases
ReadSecurity Mortgage Group Finances $20,975,000 on Several Communities (02/26/2013)
Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $20,975,000 in financing for several manufactured home communities nationwide in February 2013.
Anthony DiMarco, Managing Director, secured financing for several separate manufactured home community owners. A non-recourse long- term fixed rate loan of $13,500,000 was secured on the 565-site Autumn Lake Pointe MHC in Louisville, KY for a repeat client. Amenities include a playground and walking trails for the tenants.
ReadSecurity Mortgage Group Finances $28,700,000 on Several Communities (01/15/2013)
Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $28,700,000 in financing for several properties nationwide in November and December 2012.
Gerard D. DiMarco, Managing Director, recently provided re-financing for a 108 site New York State MHC with a $2,925,000 non-recourse loan. The loan featured a long-term fixed rate and a 30-year amortization. In Addition, Gerry also secured refinancing of a New York State Apartment Portfolio totaling 474 units for a repeat client. With apartment complexes in Binghamton and Corning, New York, the non-recourse $14,085,000 and 1,985,000 loans featured long-term fixed rates under 3.9%.
ReadSecurity Mortgage Group Finances $27,723,000 on Several Communities (11/20/2012)
Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $27,723,000 in financing for several communities nationwide in October and November.
Gerard D. DiMarco, Managing Director, recently provided financing for the 137-site Volunteer Village in Knoxville, TN. Amenities include a clubhouse and recreational space for the tenants. The $2,250,000 non-recourse loan featured a long-term fixed rate and a 30-year amortization.
...Helping RV parks and resorts across the nation grow and realize their dreams was a natural offshoot from the manufactured home industry. The ownership and operational models are similar. With that experience we understood the need to educate lenders on the nuances of RV park/resort operations. Upon further investigation, we discovered that local banks were unfamiliar with this type of business thus rates and terms were not as favorable as they could be in that lending situation. By offering this service to the RV park/resort industry we feel we add substantial value. 