Issue link: http://read.dmtmag.com/i/620649
JANUARY 2016 21 THE JOURNAL EASY TO USE • NO MESS • PERMANENT • High-tech, super-aggressive adhesive • User-friendly product with easy-to-remove liner • Permanent and easy way to mend holes, cuts, and tears • Manufactured Home/RV repairs, vapor barriers, tarp repairs, etc. PREMIUM BOTTOMBOARD TAPES SIZES PART NO. 2" - 18" ROLLS 2" X 180' FM-200T 2" X 108' FM-2108T *4" X 180' *FM-400T 4" X 108' FM-4108T *6" X 180' *FM-600T 6" X 108' FM-6108T 8" X 180' FM-800T 18" X 180' FM-1800 28" ROLLS *28" X 25' *FM-2825 28" X 50' FM-2850 28" X 100' FM-2800 ALSO AVAILABLE! DO-IT-YOURSELF KITS FM-2845 ZIPPERED ACCESS 18" X 18" TRAP-FLAP FM-1818 4" X 72" ZIP-STRIP FM-0472 6" X 72" ZIP-STRIP FM-0672 CUSTOM SIZES AVAILABLE! *DENOTES MOST POPULAR SIZES Look for the logo on the core of every roll of tape! THANK YOU FOR STICKING WITH FLEX-MEND! Visit FLEXMEND.COM for your nearest distributor, or for distribution opportunities, please call: 1.800.462.1775 F F No. 15 on Get It Quick Page No. 14 on Get It Quick Page The country's leading lender to resident- owned manufactured home communities has se- cured millions in national institutional capital, a breakthrough in the history of CDFI-financed resident-owned c o m m u n i t y preservation. ROC USA® Capital, Na- tional Coopera- tive Bank (NCB) and MetLife insur- ance company have forged a $40 million fi- nancing part- nership to structure a groundbreaking first mortgage acqui- sition/permanent loan product to finance resi- dent-owned manufactured home communities (ROCs) at scale. NCB and MetLife will each in- vest $15 million and ROC USA Capital $10 mil- lion over two years to finance ROCs in 20 states. "We launched ROC USA Capital to build a robust national market to finance the acquisition, long-term ownership, operation and improve- ment of manufac- tured home communities by the lower-income homeowners who call these neigh- borhoods home," said ROC USA Capital Managing Director Michael Sloss. "NCB and MetLife have joined ROC USA Capital in doing just that, and we look forward to ongoing work with these and other national institutional in- vestors to deliver the benefits of resident owner- ship to tens of thousands more homeowners in ROCs across the country." ROC USA Capital has built a $100 million portfolio of first mortgage community acquisi- tion/permanent loans to 42 ROCs in 11 states since inception in 2008, enabling more than 3,400 low- and moderate-income homeowners to buy, preserve and improve their neighbor- hoods. ROC USA Capital has carried out this work on a retail basis, partnering with 20 statewide and regional financial institutions to deliver this critical community acquisition/im- provement financing. The partnership with NCB and MetLife opens the door for other national banks, insurance companies and pension funds to finance resident-owned communities. This is a key development in ROC USA LLC's national strategy to implement its resident own- ership model at scale, as national institutional in- vestors have financed manufactured home community (MHC) acquisitions for years by commercial owners, committing close to $1 billion annually in the MHC sector. Bringing such institu- tional investors to the resident-ownership seg- Partnership Brings National Institutional Capital To Resident-Owned MH Communities \ 26