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June 26, 2012

RV Parks in Florida Financed by Monroe & Giordano

Monroe & Giordano, a Tampa based Mortgage Company, arranged through its national lending sources, a permanent loans totaling $3,600,000 on two Florida RV ParksóHammondale RV Park in Winter Haven, Florida and Bonnet Lake Campground in Avon Park, Florida. The loan is non- recourse with a term of 10 years and 25 year amortization. Monroe & Giordano closed the last loan on Hammondale in 2005.

Hammondale is very close to Lego Land and is an average quality retiree community built in the 1960's. It contains 160 sites of which 23 contain manufactured homes along with 2 efficiency apartments. Built on 13.03 acres, the park has a clubhouse, swimming pool, shuffle board court and laundry.

Bonnet Lake Campground RV Park fronts on large Lake Bonnet in Avon Park, Florida. It contains 175 sites of which 26 are lakefront and many lots front on two canals. Built on 18.08 acres, the park has a clubhouse, heated swimming pool, docks, fishing pier, boat ramp, shuffle board court and laundry.

J. Cary Monroe, Michael B. Giordano, Matt Gentile and Glenda Rice with over 60 years experience in commercial real estate lending, have established the commercial mortgage banking firm of Monroe & Giordano which is active primarily in the Southeastern United States. The firm represents numerous lenders that are extremely active for properties of these types. Monroe & Giordano have proven they have the ability to provide their borrowers creative solutions based on each borrower's unique needs. Monroe & Giordano have offices in Tampa, Florida and may be reached at 813-229-5055.