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RV Campground Resorts- | |
Financing InformationSecurity Mortgage Group offers a wide portfolio of loan options, tailoring the loans to the financing needs of the RV Campground owner.We possess an in-depth knowledge of the industry. We understand the uniqueness of campground facilities, including the seasonality, the various forms of income, the typical capital expenditures, and the expense ratios commonly used; because of this, we can deliver funding that maximizes their value. In 2006 alone, we provided RV Park financing in excess of $189 million for 27 properties throughout the country. We have continued to provide financing to RV campgrounds throughout the recent economic downturn. Security Mortgage Group arranges financing for campgrounds with a minimum loan request of approximately $500,000 although we can provide the most competitive rates for campgrounds seeking loans of over $1 million. Typical RV Park Financing Loan features:
RV Park Micro Loan Program (Loans from $500,000-$1 million) features:
"Many years ago, we realized that this was a very misunderstood property type," says Gerard D. DiMarco, Jr., Managing Director. "RV Campgrounds have been ignored by many local banks and national life insurance companies. We are tapping into non-recourse, fixed rate financing sources and bringing the capital to nationwide campground owners. This allows our clients to focus on managing their properties, not interest rate fluctuations." Our philosophy is to always be available, over-deliver on promises, and make sure we understand the needs of our clients. | ||
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