ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning Manufactured Home Community (MHC) lending broker, informed MHProNews that they have provided financing for another 6 manufactured home communities.
During May and early June, some $23,603,750 in lending was provided for several manufactured home communities in a variety of markets and sizes.
Billions in manufactured home community deals have occurred in recent years. Performance of manufactured home properties during the 2008 housing/mortgage crash outperformed that of other types of real estate investments. In fact, investments and sales in manufactured housing have been growing at double digit rates, per the report and analysis, linked here.
Security Mortgage Group is a national income producing asset lender, which has been deeply engaged in manufactured homes for decades.
Transactions were arranged by:
- Security Mortgage Group Managing Director, Gerard D. DiMarco, Jr.,
- Anthony J. DiMarco, the other Managing Director, and
- Pierce Redmond, Vice President.
These recent closing included closings with flexible terms, small balance loans, non-resources, and other appealing terms and conditions.
To learn more about the details of the recent loan closings and transactions, click here.
About Security Mortgage Group
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 (MHI).
Security Mortgage Group LLC
2370 Monroe Avenue
Rochester, New York 14618
Tel: (585) 423-0230
Cell: (585) 507-3359
Fax: (585) 232-3164
Company Name: MHProNews.com
Contact Person: L.A. \’Tony\’ Kovach
Address:4210 Arietta Lane
Country: United States