July 15, 2026
FOR IMMEDIATE RELEASE
July 15, 2026
Contact: Gerard D. DiMarco, Jr.
585-423-0230
SECURITY MORTGAGE GROUP Provides Financing of Over $185,000,000 in the 1st & 2nd Quarters of 2026
ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed over $185,000,000 in the 1st & 2nd quarters of 2026 for numerous manufactured home communities, apartment complexes, and commercial assets nationwide. The assets totaled approximately 2,650 units and featured loan sizes ranging from $525,000 up to a $60,000,000 portfolio.
Anthony J. DiMarco and Gerard D. DiMarco, Jr., Managing Directors, negotiated long-term fixed rate mortgages for their repeat clients featuring non-recourse terms, interest-only payments, and max loan proceeds. Loans were placed on assets in Michigan, Texas, New York, North Carolina, California, Florida, Idaho, and Illinois. Pierce Redmond, Vice President, noted “Many of the loans featured long term fixed rates and, in some cases, aggressive debt yields down to 7.50%!”
In addition to the fixed rate acquisition and refinance mortgages, Security Mortgage also assisted a long-term client with a Fannie Mae loan assumption. Gerry DiMarco commented “our borrower was able to assume the existing debt, allowing for a seamless closing process and ownership transition.” As a part of the small loan program, Pierce Redmond assisted a client with a loan of $525,000 for a warehouse facility in Idaho.
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.