Recent Press Releases

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  Security Mortgage Group Secures $4,922,000 for Four Communities in Texas and Wisconsin (10/26/2011)

Security Mortgage Group is proud to announce the closings of three new loans in October of 2011. Four MH communities were served through this financing, including a total of 618 home sites.

Shady Acres MH Community and Eldora Estates MH Community closed on financing of $3,050,000 on October 26, 2011. The communities, located in Donna and Pharr, Texas, have a total of 358 home sites. The refinance was created with a 10 year term and a 30 year amortization. This deal was for a returning client.

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  Security Mortgage Group Secures Financing With Long Term Low Rates for Communities in Texas and Florida (10/06/2011)

Security Mortgage Group is pleased to announce the closing of three new loans for income property in Texas and Florida during October and September of 2011. Several of these communities obtained financing at historically low interest rates.

Wheel Estates MH Community of Grapevine, Texas acquired $3,250,000 in permanent mortgage financing on October 6, 2011. This 110 home-site community's loan was structured with a 10 year term, a 30 year amortization schedule and an interest rate of 6.25%.

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  Security Mortgage Group Funds 3 Communities in August 2011 (08/23/2011)

Security Mortgage Group is proud to announce the closings of three new loans in August of 2011. Interest rates are currently at historic lows; many clients have taken advantage of this opportunity in the marketplace and have convened with Security Mortgage Group to review their financial position and future financial goals. Additionally, 10 year terms and 30 year amortizations are now once again widely available. All three of the mortgages that were closed to date in August had this feature.

Security Mortgage Group in the News

2010 Financial Focus (THE JOURNAL, September 2010)
With an annual lending volume of...
2009 Financial Focus (THE JOURNAL, September 2009)
Gerry and Anthony DiMarco of Security Mtge. finance $4.43 million (New York Real Estate Journal- January 14, 2009)
Gerry and Anthony DiMarco of Security Mortgage Group have placed funding for one retail center and two office buildings totaling $4.43 million.
Specialists Play Key Role in Park Buying and Selling Process (Woodall's Campground Management- August 2007)
"This is a real niche market, and there are very few people who understand the financial dynamics of the RV industry."
Security Mortgage Group closes $14.135 million in financing for five sites (New York Real Estate Journal- September 4, 2007)
...
DiMarco of Security Mortgage Completes $18.1 Million Sale of 119,000 s/f Retail Facility (New York Real Estate Journal- May 22-28, 2007)
Gerard DiMarco, Jr., Managing Director of Security Mortgage Group, has negotiated the sale of a 119,600 s/f retail facility to a major national hedge fund for $18.1 million.
Taking a Risk on Security (THE JOURNAL, April 2007)
Feature writer Patti Greco had the opportunity to speak with Gerry DiMarco of Security Mortgage Group the day before he left for vacation.
Security Mortgage Group Arranges a Total of $31.65m Community Closings (New York Real Estate Journal- April 24-30, 2007)
...
Security Mortgage Group Named Manufactured Home Community Broker of the Year (Manufactured Housing Institute- April 19, 2006)
Security Mortgage Group, Rochester, N.Y., has received the Manufactured Housing Institute's (MHI) National Industry Award for "Manufactured Home Community Broker of the Year."

Archived Press Releases

2010

December 22 --  Self Storage Facility and 6 MH Communities Aquire over $24 Million in Financing
December 15 --  $60 Million Financed for Communities in 14 States
October 15 --  Communities in Florida and California Served With Refinancing
September 2 --  Four MH Communities Obtain Small Loans From Security Mortgage Group
July 9 --  Shopping Center and MH Communities Acquire Refinancing
March 18 --  Security Mortgage Group Non-Recourse Financing for an MH Community
February 10 --  Security Mortgage Delivers Refinancing for Two MH Communities

2009

December 22 --  Security Mortgage Group Serves 3 Income Properties With Excellent Financing
November 26 --  Security Mortgage Group Closes Small Loan in New York
June 10 --  947 Sites Served in 5 New Loans
April 21 --  Still Closing Great Deals for Our Clients
February 14 --  Security Mortgage Group Financing a Great Start to a New Year
January 6 --  Security Mortgage Delivers Excellent Financing Packages to Two Communities & One RV Resort

2008

December 31 --  A Great 2008 for Security Mortgage Group
December 4 --  Financing of $4.43 million for Three Local Properties
October 31 --  Two MHC Loans Close
October 22 --  RV Park Loan Funding Continues To Be Strong
September 10 --  MH Community Secures Refinance in September 2008
August 29 --  Large RV Resort Portfolio Funds
August 27 --  Security Mortgage Group Closes Over $17 Million in MHC Loans for the First Half of August
July 10 --  Loan Funding Continues To Be Strong
May 15 --  MHC Loan Funding Continues To Be Strong
March 31 --  Communities in Central US Receive $14.7M in Financing
February 20 --  Funding Obtained for Indiana Beach Amusement Resort Portfolio
February 1 --  $17.6 Million Financed in Tougher Economy

2007

December 31 --  Over $18 Million in Mortgage Financing Funded for 7 Parks
September 1 --  Security Mortgage Secures Funding for 18 Properties Despite Turmoil in the Market
August 9 --  RV Resort Financing From Coast to Coast
August 8 --  Loan Closings in Summer of 2007
June 18 --  Community Financing of $9,385,000 Secured in Early June
June 12 --  RV Resort Financing From Coast to Coast
June 11 --  Indiana Storage Portfolio Secures $4,450,000
May 31 --  Four MHCs in Texas and Kentucky Secure Financing
April 24 --  Several Small Communities Secure Financing
March 23 --  Three Northeast RV Resorts Secure Financing
March 20 --  Two Small Storage Loans Closed
March 9 --  Combination A -Note and Mezzanine Financing Portfolio Arranged
February 1 --  The DiMarco Brothers Arrange $55 Million in Financing in January 2007

2006

December 1 --  Financing For Communities & Campgrounds of All Sizes
September 26 --  Security Mortgage Group Finances $53 Million RV Park Portfolio
September 25 --  Security Mortgage Group Closes Loans for Parks in New York & Pennsylvania
September 10 --  Ohio, Kentucky, Texas, & Louisiana Parks Receive Security Mortgage Group Financing
August 8 --  Security Mortgage Group Closes $83 Million in RV Park Financing in 2 Weeks
August 1 --  $12.7 Million in Financing Closed on Five Parks
July 12 --  Security Mortgage Group Closes Several Small Multifamily Loans in New Jersy, New York, & Texas
July 6 --  Multiple Small Loan Closings Nationwide: Bringing Capital With Low Lender Closing Costs
May 31 --  3 Community Portfolio Closed With Less Than $6,000 in Lender Costs
March 30 --  Security Mortgage Group Funds 5 Communities Across the Nation
February 14 --  Self Storage Financing Kick-Started in 2006 With Loans in Ohio, Pennsylvania, Texas, & Florida

ARVC Report Interview

Strategy Session with the DiMarco Brothers

 ...Helping RV parks and resorts across the nation grow and realize their dreams was a natural offshoot from the manufactured home industry. The ownership and operational models are similar. With that experience we understood the need to educate lenders on the nuances of RV park/resort operations. Upon further investigation, we discovered that local banks were unfamiliar with this type of business thus rates and terms were not as favorable as they could be in that lending situation. By offering this service to the RV park/resort industry we feel we add substantial value. 

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