April 1, 2025
FOR IMMEDIATE RELEASE
April 1, 2025
Contact: Gerard D. DiMarco, Jr.
585-423-0230
SECURITY MORTGAGE GROUP Provides Financing of Over $63,000,000 for Numerous MHCs in the 1st Quarter of 202.
ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed over $63,000,000 in the first quarter of 2025 for over 15 MHCs nationwide. The loans featured long-term fixed rates, non-recourse terms, and interest-only payments.
Anthony J. DiMarco, Managing Director, negotiated long term fixed rate debt for a repeat client’s MHC portfolio in the Midwest. The $27,000,000+ loan was non-recourse and featured interest-only payments. Anthony also assisted a long time MHC owner with the refinance of their community in New Mexico for $14,825,000. The mortgage featured a long term fixed rate and non-recourse terms.
Managing Director, Gerard D. DiMarco, Jr., helped secure non-recourse, long-term fixed-rate agency debt for a repeat client’s MHC in Albany, NY. The $2,700,000+ loan featured interest-only payments. Gerry also assisted a repeat client with a CMBS refinance on a community in the state of Michigan. The asset, which featured a high percentage of park owned homes, featured non-recourse terms and interest-only payments as well. Finally, Gerry helped place a $10,900,000+ mortgage for a repeat client’s community in Eastern, Michigan. The 340+ Homesite asset featured similar loan features and terms.
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.