Issue link: https://read.dmtmag.com/i/146145
Security Mortgage Group Provides Financing of $10,520,000 on Several Communities Security Mortgage Group, a national awardwinning MH Community lending broker, is pleased to have recently provided $10,520,000 in financing for several properties nationwide in June and July 2013. Anthony DiMarco, Managing Director, recently secured a $7.4M non-recourse, longterm fixed rate loan for a Midwest MHC Portfolio. The 7-park portfolio consisted of both purchases and refinances and contained 585 total homesites located in Minnesota, Illinois and Missouri. In June, the other Managing Director, Gerard D. DiMarco, Jr. helped negotiate longterm fixed rate refinancing with a 30-year amortization for 65 unit Fox Brook Town homes in Hamburg, NY. The $2,550,000 non-recourse loan also did not require an escrow for repair reserves. Also in early July, Pierce Redmond secured a $570,000 loan with a flexible prepayment penalty for the 45-site Windmill MHC located in Plymouth, IN. 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. THE our website journalmfdhousing.com JOURNAL Visit our website. You can view our current CIS Home Loans is an experienced mortgage lender in this industry — and we understand mortgage lending for manufactured and modular homes! We are a seller/servicer for Fannie Mae and Ginnie Mae loans. We offer conventional loans, FHA and USDA loans, as well as one-time closes for construction (for qualified buyers). CIS Home Loans can also refinance current visit The Magazine for Manufactured & Modular Housing Professionals issue, download our media package and subscription form, see our Editorial Calendar and Circulation statistics, plus more. tel: 706-655-2333 news@journalmfdhousing.com conventional and FHA mortgages, and we specialize in community servicing. Want to put a mortgage lender— who understands your business—to work for you? Call Paula Reeves at 800-844-4845 or email her at preeves@cisfn.com. CIS Home Loans—how can we help you? Actively signing up retailers in California and Texas For a complete list of states in which we are licensed for mortgage lending, visit www.cishomeloans.com.CIS Financial Services, Inc. dba CIS Home loans | NMLS ID # 93140 | NMLS Consumer Access (www.nmlsconsumeraccess.org). Licensed by the Mississippi Department of Banking and Consumer Finance. Licensed by the Virginia State Corporation Commission. No. 10 on Get It Quick Page AUGUST 2013 15 THE JOURNAL