Manufactured Housing Communities

Navigate the nuances of MHC with our experts

Our approach

Expertise across the board

Our dedicated experts partner with clients on the development and expansion of MHC, specializing in rent control and MHC located in a flood zone. We are actively involved in the Manufactured Housing Institute and are committed to help solve the affordable housing crisis, in which MHC plays an essential role.

We work with all types of clients, including REITs, equity firms, family offices, owner-operators, and developers for all of their MHC needs.

Our experience

By the numbers


Fannie Mae DUS® Producer for mHC three of the past six years (2021, 2019, and 2018)


MHC Loans financed since 2022


MHC Loans completed since 2022


Unparalleled financing capabilities

We know agency financing programs for MHCs inside and out. Our extensive understanding of the credit facility product for MHC and strong agency relationships mean we are well-positioned to meet all of your needs. Our experts help you find the optimal capital sources, whether you are looking for conventional or agency financing.

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MHC appraisers & valuation specialists

Gain real insight into the value of your MHC, RV park, or campground from nationwide appraisal specialists who understand the complexities of this unique asset type.

Loan Servicing

Service through the loan lifecycle

We provide the highest level of client service, with an expert analyst assigned to each loan in our portfolio—giving you a single point of contact and a trusted advisor at all times.

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Invest with a dynamic partner

We help secure our clients' financial future by investing in sponsors and their commercial real estate projects. We find the right investment for you and know that the process of getting you in and out of investments is equally important.

Case study


Ohio, Kentucky and Indiana

Asset Class

Manufactured Housing





Fund Source

Fannie Mae Credit Facility




Closed 5/13/2020

Flagship MHC Portfolio

The situation

Preferred correspondent Security Mortgage Group client, Flagship Communities REIT approached our team of MHC specialists for help. Flagship is one of the largest owner/operators of manufactured housing communities in the country with nearly 70 communities covering nearly 12,000 manufactured housing lots. The firm has 60+ years of experience developing and managing MHC throughout Kentucky, Indiana, Ohio, Tennessee, Illinois, Arkansas, and Missouri. Flagship was seeking to establish a long-term financing vehicle for the purpose of positioning the firm for future growth, managing debt across Flagship’s entire MHC portfolio, and servicing its long-time financing needs. 

The solution

Andrew Tapley, Senior Managing Director;  Alex Huffman, Managing Director; and Matt Restivo, Senior Director led our team to quote, negotiate, and close a Fannie Mae Credit Facility with Flagship Communities. Partnering with our team, Flagship was able to establish a long-term credit facility that permits a combination of variable- and fixed-rate debt with laddered maturities and flexible post-closing features. These features allow Flagship to manage complex and changing business strategies and achieve its long-term MH goals.

Recently recognized by MHI as 2023 Community Operator of the Year, Flagship Communities REIT is a best in class owner and operator of manufactured housing communities, providing affordable housing across the Midwest.  We are proud to assist them in structuring the Fannie Mae Credit Facility to meet their long-term strategic growth goals."

Matt Restivo

Contact an expert

For help with your MHC portfolio plans, reach out to our experts today.


Our comprehensive CRE platform offers you both entity-level and property-level finance and advisory services.

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Specialties & Sectors

Affordable, multifamily, industrial, and more…you name it and we have the skills and expertise to handle it.

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