January 8, 2025

FOR IMMEDIATE RELEASE
January 7, 2025
Contact: Gerard D. DiMarco, Jr.
585-423-0230

SECURITY MORTGAGE GROUP Provides Financing of Over $70,000,000 for Numerous Asset Classes in the 2nd Half of 2024.

ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed over $70,000,000 in the final two quarters of 2024 for various assets. The firm assisted in placing mortgages on Manufactured Home Communities, Self-Storage Facilities, a Medial Office, a Commercial/Retail Space, a Retirement Community, and an RV Park.

Anthony J. DiMarco, Managing Director, negotiated long term fixed rate debt for a repeat client’s MHC portfolio in Houston, TX. The $7,250,000 loan covered over 335 homesites and featured interest-only payments. Anthony also assisted a self-storage facility owner with a $4,350,000 acquisition loan in Western Michigan. The mortgage features flexible prepayment terms.

Managing Director, Gerard D. DiMarco, Jr., helped secure non-recourse, long-term fixed-rate agency debt for a repeat client’s MHC in Michigan. The $27,500,000 loan featured interest-only payments. Gerry also assisted a repeat client with a Life Insurance Company loan on a Medical Office Building in the state of Washington for $3,250,000. Finally, Gerry helped place a $7,200,000 mortgage for a local commercial & retail building owned by a repeat client.

Pierce Redmond, Vice President, assisted four separate clients with refinancing terms for 3 MH communities and a RV Park with an expansion component. As a part of the small loan program, as well as Fannie Mae’s loan program, the loans totaled $14,325,000 and featured flexible prepayment terms and 25-30 year amortizations. With minimum loan amounts as low as $500,000, the small balance loan program can assist clients with mortgages that many larger institutions decline.

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.