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North Dakota Housing Finance Agency logoThe Spring 2011 issue of the North Dakota Housing Finance Agency Newsletter is now available online.

*Summit * Symposium * Expo*
Sign up for "Spring Training"
...Maine, NY, Pennsylvania
February 2011

Registration for Innovation Summit

March 22 - A working program designed to discuss the future of the MH industry.

Industry Innovation Summit & Visioning for the Future Come be part of the conversation, planning and industry networking. 8:30am to 5:00pm followed by reception. "Innovation Partners International" of Maine will be guiding the discussion.

Portland, Maine
Eastland Hotel - 157 High St.
(snow date March 23)

Read more...

Click here to download the Bismarck Mandan Apartment Association February 2011 Newsletter.

Legislative report, NDAA Convention registration form and speakers and topics list, Government Affairs Hot Sheet, Industry Insider, Bedbugs.


MMHA
Winter News/Notes & Links

Happy New Year!

Hope you enjoy reading this e-mail update on association news and activity. Send comments along.


Chapter 375 of The Acts of 2010 Signed into Law - Tax on Sheds Governor Patrick signed into law on November 17th a new law exempting sheds less than 120 square feet in a MH community (Carver) from taxation.

Read more...

CLICK HERE TO OPEN YOUR DECEMBER ISSUE OF "MMHA NEWS"

MMHA Breaking News
ENERGY STAR Tax Credit for Manufactured Homes Extended!

After a year of debate and delay, Congress last night approved and the President is expected to sign today, the extension of the $1,000 per home tax credit for manufactured homes that receive the ENERGY STAR label. The builder of the home (the manufacturer) receives the credit. ENERGY STAR labeled homes sold in 2010 and 2011 qualify for the credit.

Read more...

Updates from MHI - National 

MHI has outlined three broad areas to focus resources in 2011 for our industry summing up over 24 separate legislative and regulatory initiatives.  1) improved climate for financing, 2) updating the HUD-Code, and 3) protecting preemption.    

Note: Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173; P.L. 111-517) enacted into law on July 21, 2010 considered the most significant rewrite in decades on rules governing banking/ financial services will impact every financial institution and credit instrument.

Read more...

Mass Manufactured Housing Assn (MMHA)

Timely  Information

Please Note MMHA Meeting Dates

MMHA Board of Directors Meeting

The MMHA Directors will meet on Thursday, December 2nd at Oakhill MHP, 1 Beech Street, Taunton. The meeting runs from 10am until noon. Senator Marc Pacheco will attend to discuss legislative issues for the coming year. We need to file our bills for the next legislative session in mid-Jan. and will look for support, guidance and suggestions. We will welcome our newest Director Bryan Lehman, Regional Sales Mgr, Skyline Corp.  MMHA members invited to attend or send suggestions. This e-mail address is being protected from spambots. You need JavaScript enabled to view it  

Read more...

Destroyed Units will be Replaced
MetroPlains, LLC broke ground in mid-September for the Prairie Hills Townhomes. On July 8, 2009, a tornado damaged hundreds of properties in south Dickinson including the 30-unit, income-based Riverview Garden Apartments.“Last year, a devastating tornado swept through Dickinson and destroyed an apartment complex that MetroPlains Management, LLC managed,” said Gary Stenson, MetroPlains principal. “The loss was a blow to a community whose housing resources are already stretched by the demands of the energy industry.”  Read More

Maddock Apartments Rehabbed
Vacant apartments in Maddock, ND, will soon come back to life. Summer Square Apartments A recent Maddock Housing Committee housing market analysis indicated a demand for workforce housing, and spurred the redevelopment of the Summer Square Apartments.will be rehabbed this fall by Lutheran Social Services Housing, Inc. The funding sources include North Dakota Housing's Rural Housing Rehab Loan and Rural Housing Investment Incentive Pilot Program; a Ramsey National Bank loan, and equity contributions from the Maddock Economic Development Corporation and Summers Manufacturing.  Read More

Investment Incentive Closes Gap
Building Innovations, LLC of Underwood, ND, closed a financial gap between construction costs and property values with the North Dakota Housing’s Rural Housing Investment Incentive Pilot Program. “The intent of the incentive is to help rural communities meet an increased demand for housing by encouraging private sector investment,” said Jolene Kline, NDHFA planning and housing development director.  Read More

Support makes Project Possible
Lakeside State Bank/Peoples Bank and Trust, the North Dakota Land Department, North Dakota Department of Commerce, Housing Authority of Mountrail County, Affordable Housing Developers, Inc., and the City of Parshall are also participating in the development. A 20-unit housing project in Parshall would not have been possible without two North Dakota Housing programs and strong local support. A July 28 groundbreaking marked the start of construction for Bayview Townhomes and Apartments. Lutheran Social Services Housing, Inc., is developing the project.  Read More

Market Study Funds Available
The Industrial Commission has authorized North Dakota Housing to spend $50,000 in reserves for a Housing Market Survey Grant program. The cost-sharing program encourages rural communities to conduct market surveys before undertaking housing development projects.  Read More 

Grants for Accessibility Rehab
The Industrial Commission of North Dakota has approved $50,000 in grants to renovate properties occupied by low-income people with physical disabilities. The Rehab Accessibility Program grants typically fund improvements such as wheelchair ramps, door levers, walk-in/roll-in showers, grab bars and widening doorways.  Read More

From the Director
There is so much talk these days Executive Director Mike Andersonabout the need for more housing. Although this is happening statewide, it is most prevalent in western North Dakota where the oil and gas boom is driving demand to record levels. Read More

Calendar of Events
(Dates of NDHFA Activites are in BOLD)
Oct. 13 - An Address for All "Two" conference, Bismarck  More Info
Oct. 14 - FirstHome Lender Training, Fargo 
More Info
Oct. 15 - Advisory Board Meeting, Bismarck
Oct. 20 & 21 - ND Affordable Housing Coalition conference, Fargo  More Info
Nov. 11 - Office Closed in observance of Veterans Day Holiday
Nov. 12 - Advisory Board Meeting, Bismarck
Nov. 12 - ND Builders Association Annual Meeting, Minot  More Info
Dec. 17 - Advisory Board Meeting, Bismarck
Dec. 24 - Office Closed in observance of Christmas Eve Holiday
Dec. 31 - Office Closed in observance of New Year's Day Holiday

Agency Happenings
North Dakota Housing honored five real estate agents Gena Syvertson of Town & Country Realty in Fargo is pictured with NDHFA Executive Director Mike Anderson. NDHFA also recognized Shirley Thomas of Bianco Realty in  Bismarck, Phyllis Christianson of LaDuke & Associates in Dickinson, Peggy Isakson of Coldwell Banker First Realty in Fargo, and Denise Pippin of Fredricksen Real Estate in Williston. with Champion of Affordable Housing Awards at the 2010 North/South Dakota REALTORS® Convention.  Read More

North Dakota Housing has renewed an agreement to purchase CommunityWorks North Dakota DREAM Fund loans. Read More


Service Awards were recently presented to: Brandon Dettlaff and Nancy Rice, three years for both.


Call us: 701-328-8080 or 800-292-8621

Contact by mail:
North Dakota Housing Finance Agency
2624 Vermont Ave
PO Box 1535
Bismarck, ND 58502

Add us to your address book

The Industrial Commission of North Dakota, consisting of Governor John Hoeven, as chairman, Attorney General Wayne Stenehjem and Agriculture Commissioner Doug Goehring, oversees the North Dakota Housing Finance Agency with advice from a citizen advisory board.

No state tax dollars are used to produce this newsletter.  Alternative forms of this document are available upon request.  Copyright (C) 2010 North Dakota Housing Finance Agency All rights reserved.

Daily Business News Briefs

Patrick, UMH Surge, Manufactured Housing CV Spikes, Broader Markets Dip

Patrick, UMH Surge, Manufactured Housing CV Spikes, Broader Markets Dip

Noteworthy headlines on – CNNMoney – Trump calls for dramatic tax cuts. Chobani sues Alex Jones over “migrant rapists” claim. Hilton to hire another 20K veterans and their families. FCC chair unveils plan to roll back net neutrality. Some bullets from Fox Business – Rep. Brady: Trump’s tax reform is “Bold.” Mnuchin: We’ll lo...

26 Apr 2017

NSP_READMORE

Trump Effect: Immigration, the Border Wall, and a $14 Billion Fix?

Trump Effect: Immigration, the Border Wall, and a $14 Billion Fix?

As the Daily Business News covered recently, President Donald Trump’s first 100 days have been a whirlwind of movement, including doubling down on his promises for immigration and building the border wall. At the heart of the conversation about building the wall is the cost, estimated to be $28 billion. While that price has raised […]...

26 Apr 2017

NSP_READMORE

Triad Financial Services Creates New Program Manufactured Home Dealers

Triad Financial Services Creates New Program Manufactured Home Dealers

Triad Financial Services, Inc. tells MHProNews that it has formed the Triad Manufactured Home Risk Purchasing Group (RPG) for manufactured home dealers. Triad says that it created the program in response to the increasing demand for affordable liability insurance for manufactured home retail dealers. In addition to the insurance savings, the...

26 Apr 2017

NSP_READMORE

UPDATE: MHC Future in Doubt, the Other Side of Rent Control

UPDATE: MHC Future in Doubt, the Other Side of Rent Control

In an update to the story that the Daily Business News originally covered here, residents at the Thetis Lake Campground community in View Royal, British Columbia, Canada, are facing an imminent threat. According to Western Investor, assessments on the community are threatening the viability of the most affordable housing option in the province,...

26 Apr 2017

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President Trump at 100 Days: Numbers, Polls

President Trump at 100 Days: Numbers, Polls

As President Donald Trump reaches the magic 100-day mark in office, new polling and statistics show that many American’s believe he’s getting the job done. According to Lifezette, approximately 73 percent of American voters approve of President Trump’s performance in fighting for American jobs in an ABC News/Washington Post poll released this past...

25 Apr 2017

NSP_READMORE

Patrick, LCI Leaders, Manufactured Housing CV Ticks Up, Monster Day for Bro…

Patrick, LCI Leaders, Manufactured Housing CV Ticks Up, Monster Day for Broader Markets

Noteworthy headlines on – CNNMoney – Bannon cleared to sell Mercer-backed holdings. Big techs push Nasdaq to new milestone. Outburst by Wells Fargo shareholder halts meeting. Undocumented immigrant population in steady decline. Some bullets from Fox Business – Ted Cruz wants El Chapo, Mexican drug lord, to pay for Trump’s w...

25 Apr 2017

NSP_READMORE

Modular Housing Visions are Looking Up in New York’s Big Apple

Modular Housing Visions are Looking Up in New York’s Big Apple

In an effort to tackle the affordable housing challenges in New York City, two designers have looked up, but not to build skyscrapers. According to Dezeen, Instant City: Living Air-Right, a plan created by designers Beomki Lee and Chang Kyu Lee, calls for using vacant airspace over existing New York buildings to create affordable modular […]...

25 Apr 2017

NSP_READMORE

Acquisition, and Rumors of a Billion Dollar Acquisition, for Hometown Ameri…

Acquisition, and Rumors of a Billion Dollar Acquisition, for Hometown America

In Australia, manufactured home builder and community owner Gateway Lifestyle Group has seen significant growth since the Daily Business News reported a potential deal with Hometown America last August to purchase National Lifestyle Villages (NLV), Western Australia’s largest operator of manufactured home communities. At the time, the proposed d...

25 Apr 2017

NSP_READMORE

Keith Olbermann on Trump Supporters – Industry Reacts – When “Trailer Trash…

Keith Olbermann on Trump Supporters – Industry Reacts – When “Trailer Trash” Isn’t What You Think

In what is quickly becoming known as the “tweet heard ‘round the manufactured housing world,” former ESPN and MSNBC host Keith Olbermann’s reference to President Donald Trump supporters — former Presidential candidate Sarah Palin and musicians Ted Nugent and Kid Rock during their White House visit — as “trailer park trash” has set off a...

25 Apr 2017

NSP_READMORE

Manufactured Home Community Residents Reach Settlement In Legal Action

Manufactured Home Community Residents Reach Settlement In Legal Action

In Massachusetts, residents of the Chelmsford Commons manufactured home community have reportedly reached a six-figure settlement in a class action lawsuit against community owner, Michigan based RHP Properties. According to the Lowell Sun, the suit alleges that RHP improperly raised rents on residents over the last five years. As a result of the...

24 Apr 2017

NSP_READMORE

Carlyle’s Big Day, Manufactured Housing CV Gains, Broader Markets Roar Back

Carlyle’s Big Day, Manufactured Housing CV Gains, Broader Markets Roar Back

Noteworthy headlines on – CNNMoney – Ontario, Canada, launches guaranteed income program. Stocks soar after French election first round. Could Obamacare fight shut down Washington? Wells Fargo scandal: Where was the board? Some bullets from Fox Business – Trump wants to slash the corporate tax rate to 15%: WSJ. Trump laying down the l...

24 Apr 2017

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New Sponsors

Featured Articles and Reports - April 2017 Vol. 8 No. 7

NSP_PREV NSP_NEXT NSP_PAGE

Proof! Manufactured Home Communities, Retailers & Builder/Developers Can A…

Proof! Manufactured Home Communities,  Retailers & Builder/Developers Can Attract, Sell Site Built Buyers

by L. A. ‘Tony’ Kovach What’s the difference between a nice sounding theory, and a profitable process?  Proof. NSP_READMORE

MARKETING

*** Price Reduction *** North Tampa Portfolio - MH & RV | 380 Sites | Flori…

*** Price Reduction *** North Tampa Portfolio - MH & RV | 380 Sites | Florida

by Christopher Nortley Portfolio Overview The North Tampa Portfolio consist of 3 communities in which 2 are located in Port Richey while the 3rd is located in Hudson, FL. All... NSP_READMORE

MARKETING

ELS Rises, Manufactured Housing CV, Broader Markets Dip

ELS Rises, Manufactured Housing CV, Broader Markets Dip

by RC Williams Noteworthy headlines on – CNNMoney – Mercedes-Benz pulls ads from The O’Reilly Factor. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

What’s the Truth About the Manufactured Housing Industry’s Potential?

What’s the Truth About the Manufactured Housing Industry’s Potential?

by Soheyla Kovach Whether or not truth is reported, or distorted, reality – the truth – is. Truth exists. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Manufactured Home Community’s Outsider Sparked Water Issues

Manufactured Home Community’s Outsider Sparked Water Issues

by RC Williams In Puyallup, Washington, the stereotypes surrounding manufactured versus site built housing are playing out in a less than ideal way. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

State Agency to Assist Low Income MH Residents

State Agency to Assist Low Income MH Residents

by RC Williams In Delaware, homeowners in need are going to get some help. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

State Law Forces City Decision on Manufactured Home Zoning

State Law Forces City Decision on Manufactured Home Zoning

by RC Williams In Queensbury, New York, manufactured housing has scored a victory. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Want Manufactured Home Community Voluntarily Rent Control, Anyone? Anyone?

Want Manufactured Home Community Voluntarily Rent Control, Anyone?  Anyone?

by RC Williams Officials in Corona, California, say that they may pursue voluntary rent control measures for manufactured home communities, in an effort to help low income and elderly... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

City Turns to Manufactured Homes in Project

City Turns to Manufactured Homes in Project

by RC Williams In Northern California, the city of Sebastopol is investing $258,000 into a project that establishes affordable housing for low-income residents at the city’s eastern gateway. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Manufactured Home Communities, Fair Housing, and Day Care

Manufactured Home Communities, Fair Housing, and Day Care

by Nadeen Green, JD The seven federally protected classes (race, color, religion, national origin, sex, familial status and disability) are hugely relevant (and reflective of the issues of discrimination... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Live Oaks & Blue Oaks MHP Portfolio | 170 Sites | Topeka, Kansas

Live Oaks & Blue Oaks MHP Portfolio | 170 Sites | Topeka, Kansas

by Christopher Nortley Property Overview MHRE Inc is pleased to present Live Oaks and Blue Oaks located in Topeka, Kansas. The communities are situated just 4.2 miles away from each other. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Brian Gallagher, Chief Operating and Financial Officer, Santefort Real Est…

Brian Gallagher, Chief Operating and Financial Officer,  Santefort Real Estate Group - RFI - FHFA, Duty to Serve Comments Letter

by Brian Gallagher Editor’s note: Brian Gallagher thoughtfully shared the comments below with MHProNews for publication.  NSP_READMORE

FINANCING

Security Mortgage Group Setting Hot Pace in First Quarter of 2017

Security Mortgage Group Setting Hot Pace in First Quarter of 2017

by Pierce Redmond Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed $78,632,000 thus far in 2017 for several manufactured home communities nationwide. NSP_READMORE

FINANCING

NFIB Provides Vital Small Business Guide

NFIB Provides Vital Small Business Guide

by RC Williams The National Federation of Independent Business (NFIB) is out with its 2017 Small Business Tax Guide. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Moves In U.S. Home Price Index

Moves In U.S. Home Price Index

by RC Williams New data from Case-Shiller shows that January home prices rose at the fastest rate since 2014. While this spells a win for sellers, it could eventually... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Media, MHI Members Welcomed, Industry Warned

Media, MHI Members Welcomed, Industry Warned

by Soheyla Kovach At the 2017 Tunica Manufactured Housing Show, members of the Manufactured Housing Institute (MHI), and the industry’s top trade media were welcomed – without cost – by... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Sunday Morning Weekly Recap Manufactured Housing Industry News March 26th 2…

Sunday Morning Weekly Recap Manufactured Housing Industry News March 26th 2017 to April 2nd 2017

by RC Williams Our theme for our April 2017 issue is: Manufactured Housing Industry Politics – Complicated Cross Currents, or April Fools? NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Cavco’s Buyout

Cavco’s Buyout

by RC Williams Cavco Industries Inc. (NASDAQ:CVCO) tells MHProNews that it has signed a Letter of Intent, and has reached an understanding, on terms to acquire Lexington Homes, Inc. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

April Fools? – MHVille’s Complicated Politics, 2017

April Fools? – MHVille’s Complicated Politics, 2017

by Soheyla Kovach Three april fools looking at camera with different expressions, credits, MHProNews.com/GraphicStock. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

ELS’ Sam Zell Sounds Off on Trump’s Wall

ELS’ Sam Zell Sounds Off on Trump’s Wall

by RC Williams ELS Chairman and billionaire real estate mogul Sam Zell shared his thoughts recently on President Donald Trump’s plan for the border wall with Mexico, and what... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

City Residents Make Unexpected Moves – Opportunity for MH?

City Residents Make Unexpected Moves – Opportunity for MH?

by RC Williams New data shows an interesting trend – popular cities like New York, Los Angeles, and Washington D.C., normally destinations for living, are actually losing people in... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Diverse Industry Reactions to Manufactured Home Community Closure Issue

Diverse Industry Reactions to Manufactured Home Community Closure Issue

by RC Williams In Chesterfield, Missouri, residents of the town’s only manufactured home community received some very shocking news this week. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Chicago’s Mayor Favors Massive Modular Project

Chicago’s Mayor Favors Massive Modular Project

by RC Williams In a follow up to a story that Daily Business News originally covered here, Chicago Mayor Rahm Emanuel is “gung ho” about developers planning to build 12,000 modular homes,... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Developers Going MOD in Housing Crisis

Developers Going MOD in Housing Crisis

by RC Williams In Baton Rouge, Louisiana, two developers have turned to modular housing to ease the stress of finding housing. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Barry and “Be the Change!” Doing Good, Pays

Barry and “Be the Change!” Doing Good, Pays

by L. A. ‘Tony’ Kovach We decided this month to highlight a simple yet profound reality. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Is What You Say Always Consistent with What You Believe?

Is What You Say Always Consistent with What You Believe?

by Tim Connor, CSP There is a Native American legend that says - you will only get into Heaven leaning on the shoulders of someone you helped while you... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

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Classifieds

Press Releases

Triad Financial Services Inc., Announces…

Triad Financial Services Inc., Announces Formation of Triad Manufactured Home Risk Purchasing Group for Manufactured Home Dealers

Jacksonville, Fla. (April 21,2017) – Triad Financial Services, Inc (Triad) has been providing services to the manufactured home industry for over 50 years. During this time, Triad has incorporated various services to better assist those in the manufactured home industry. In 2016, Triad created a Risk Purchasing Group (RPG) in response to the increasing demand for affordable liability insurance for manufactured home retail dealers. In addition to insurance savings, the program will provide periodic loss prevention and risk management tips and information. In addition to the general liability program, Triad’s insurance division provides competitively priced inventory open lot coverage, commercial property coverage, commercial auto insurance, coverage for contractors equipment, as well as access to a national homeowners program for manufactured housing. Recent changes in the manufactured home general liability insurance markets have...

the MHMSM Team 26 Apr 2017 Corporate Press Releases

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Call for Nominations for the RV/MH Hall …

Call for Nominations for the RV/MH Hall of Fame Class of 2018

ELKHART, Ind., -- It's still six months until the October 31, deadline for nominations for the RV/MH Hall of Fame Class of 2018, and Darryl Searer, president of the RV/MH Heritage Foundation (Foundation) wanted to remind those considering nominating someone that they should start working on their nomination. Searer said, "Even though we are intensely planning for the induction dinner celebration for the Class of 2017 on August 7, 2017, it's really not too early to start the process of nominating a deserving individual to the Hall of Fame for the Class of 2018. It's a lengthy process that should not wait until the last minute, so I urge those who are considering a nominee to download the guidelines and forms so their nominee can be considered for the Class of 2018." The nomination...

Soheyla Kovach 21 Apr 2017 Corporate Press Releases

NSP_READMORE

*** Price Reduction *** North Tampa Port…

*** Price Reduction *** North Tampa Portfolio - MH & RV | 380 Sites | Florida

Portfolio Overview The North Tampa Portfolio consist of 3 communities in which 2 are located in Port Richey while the 3rd is located in Hudson, FL. All the communities have very desirable locations and convenient for an owner to have centralized management to create economies of scale. The trailing cap rates as a portfolio are in the 6.06% to 8.09% range while the year 1 pro-forma cap rates are in the 7.09% to 8.58% range.  This portfolio is a perfect opportunity for an investor to capitalize on the strong demand and growth occurring in Florida while being able to create economies of scale with a purchase of 380 sites. Portfolio Summary Investment:              3 Property Portfolio Star Class:               2-3 MH Sites:                 70 RV Sites:  ...

the MHMSM Team 04 Apr 2017 Corporate Press Releases

NSP_READMORE

SECURITY MORTGAGE GROUP Finances $78,632…

SECURITY MORTGAGE GROUP Finances $78,632,000 in the First Quarter 2017

ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have financed $78,632,000 thus far in 2017 for several manufactured home communities nationwide. The most recent March closings included the following: Managing Director, Gerard D. DiMarco, Jr., secured acquisition financing for two manufactured home communities totaling 192 sites in Wyoming. The $4,750,000 loan featured a limited prepayment penalty and flexible lending terms. Gerry also helped negotiate financing for a repeat client’s purchase of a 184-site mobile home and RV park in Corpus Christi, TX with a non-recourse loan of $2,445,000.  Anthony J. DiMarco, the other managing director, helped negotiate financing for a repeat client’s Ohio and Kentucky MHC Portfolio with over 700 sites. The $26,025,000 non-recourse loan featured a long-term fixed rate.   In addition, Anthony closed a...

the MHMSM Team 04 Apr 2017 Corporate Press Releases

NSP_READMORE

Live Oaks & Blue Oaks MHP Portfolio | 17…

Live Oaks & Blue Oaks MHP Portfolio | 170 Sites | Topeka, Kansas

Property Overview MHRE Inc is pleased to present Live Oaks and Blue Oaks located in Topeka, Kansas. The communities are situated just 4.2 miles away from each other. Together, there are 170 MH sites. Blue Oaks has 8 park owned homes, of which 5 are occupied. It has strong employment next door with two distribution centers for Target and Home Depot. Live Oaks has 11 park owned homes, of which 4 are occupied. This community is in an excellent location with great road frontage and heavy traffic count, and it is near the university and other various businesses. The current owners have put in time and effort to clean and fix up the communities. They repaired and replaced the underground utility lines and fixed up the roads. The market for rentals is available,...

the MHMSM Team 04 Apr 2017 Corporate Press Releases

NSP_READMORE

Sizzling Sunshine Homes! @ Tunica Show …

 Sizzling Sunshine Homes! @ Tunica Show = Exclusive “Total Package” for More Sales for Retailers, Communities, and Builder/Developers

Business is BOOMING at Sunshine Homes!  Retailers, communities, and builder/developers are watching homes sell fast and at good margins.  Let’s review some of the reasons. As important as great homes are, what we do to support our independent retailers and communities that compliments those sizzling model homes in your inventory can mean the difference between okay sales, and homes that turn several times a year. First, if you’re ready to attract more customers that pay cash or has good credit, look no further than Sunshine Homes.  Our Energy Star ™ rated homes are residential designs that impress and sell previous owners of conventional homes.  You can have floorplans ordered either as a HUD Code manufactured home, or as a state coded modular home. Award-winning Stan Dye of Star Homes says that 99% of...

the MHMSM Team 24 Mar 2017 Corporate Press Releases

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