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Security Mortgage Group Finances $27,723,000 on Several MH Communities Security Mortgage Group, a national awardwinning MH Community lending broker, is pleased to have recently provided $27,723,000 in financing for several communities nationwide in October and November. Gerard D. DiMarco, Managing Director, recently provided financing for the 137-site Volunteer Village in Knoxville, TN. Amenities include a clubhouse and recreational space for the tenants. The $2,250,000 non-recourse loan featured a long-term fixed rate and a 30-year amortization. Anthony DiMarco, also a managing director, secured financing for two separate manufactured home community owners. A loan of $3,250,000 was secured on the 253-site Creekside Estates in Grovetown, Georgia for a repeat client. With 40% park owned homes, Anthony worked with the lender to provide a long-term fixed rate and 30-year amortization. Anthony also secured a loan with a rate under 4.5% for Ridgebrook and Valley Hills Mobile Home Com- munities totaling 736 sites in Fort Wayne, Indiana. The $6,650,000 non-recourse, long-term fixed rate loan closed in under 40 days. In addition, Anthony also secured refinancing of a Buffalo Apartment Portfolio for a repeat client. With 3 apartment complexes in Buffalo, New York, the non-recourse $3,913,000 loan featured an attractive long-term fixed rate. Also, Mr. DiMarco helped negotiate the financing of a multi-state manufactured home community portfolio for $9,760,000 for a repeat client. The non-recourse loan featured a longterm fixed rate. The portfolio consisted of 923 sites with properties in Kansas, Illinois, Wisconsin, Nebraska, Minnesota and Iowa. Pierce Redmond helped negotiate the re-financing for the 69-site Northern MHP in Schofield, WI. The $550,000 loan closed in 30 days with flexible terms to fit the client���s request. Pierce also helped negotiate the refinance of Royal Coach MHP in San Bernardino, CA. Even thought the property had fewer than 50 sites, a $1,350,000 non-recourse loan was prepared featuring a long-term fixed rate and 30year amortization. Security Mortgage Group is a premier national lending source for Manufactured Home Communities, and received the ���Manufactured Home Community Lending Broker of the Year��� award in 2004, 2005, 2006, & 2009 from the Manufactured Housing Institute. Call us at 585-423-0230 anytime for specific questions on financing for your community. GOT NEWS? Send your company news and events to: news@journalmfdhousing.com Customizing your manufactured home is as easy as 1-2-3 with ���the original��� R-COTEC Skirting, Steps, & Chimney Housing! ��� R-COTEC���s insulation value is R-5 and can be increased. Panels are a higher EPS density, 1-1/8��� thick and surface coated in a variety of brick, stone and stucco colors. Panel sizes are 24���, 30���, 36���, and 48��� high by 48��� wide. When installed according to manufacturers��� instructions, each panel is supported in steel framing. ��� An R-COTEC skirting installation will not only reduce your utility costs, but also keep your crawl space dry and clean and frozen water pipes become non-existent. ��� Provides frost protection for shallow foundation systems. ��� Blow out resistant. R-COTEC Skirting remained intact from the high winds of hurricane Katrina - where the roof and siding was blown off from the house. ��� R-COTEC Skirting system has been installed in homes in every state for over 16 years. ��� The R-COTEC Skirting package is complete. All you have to supply is necessary screws to attach to home and installation labor. ��� R-COTEC SKIRTING - many times imitated - never duplicated. 3 2 Lakewood, NY 14750 ��� 716-763-1825 ��� 1-800-854-7657 ��� e-mail: rcoprods@netsync.net ��� Website: www.rcoproducts.com JANUARY 2013 8 THE JOURNAL No. 6 on Get It Quick Page 1