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July 11, 2012

Monroe & Giordano Arrange $3,750,000 Financing on Florida Manufactured Home Community

Monroe & Giordano, a Tampa based Mortgage Company, arranged through its national lending sources, a permanent loan of $3,750,000 on Alafia Riverfront Manufactured Home Community in Riverview, Florida. The loan is non- recourse with a term of 10 years and 30 year amortization. Monroe & Giordano closed the last loan on Alafia Riverfront in 1995.

Alafia Riverfront Manufactured Home Community is an excellent quality all age community built in 1984. It contains 96 sites on 20 acres with approximately 80% double wide homes currently in place. The community sits on a picturesque bluff over the Alafia River which runs into Tampa Bay. Amenities include a clubhouse, swimming pool, fishing dock, boat docks and shuffle board court.

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.