Wells Fargo to Offer Manufactured Home Lending

14332594373164One of the bigger challenges of purchasing a manufactured home is getting lending. Now, potential home buyers can rest a little easier. Wells Fargo, a national bank, is now going to offer manufactured home lending.

Recently Wells Fargo hired two experienced manufactured housing executives to help expand into the industry, Matt Krasinski and Lew Grace of GE Capiutal Real Estate. Krasinski worked as the associate director for North American lending, responsible for originating loans for manufactured homes and RVs. Grace was the head of manufactured home communities lending and investments.

This comes after Wells Fargo acquired a $9 billion portfolio of commercial real estate loans from GE Capital Real Estate, a portion of which is MHC-focused. The national bank is looking to serve customers in the growing manufactured housing industry.

“Expanding our balance sheet lending in this sector, combined with Wells Fargo’s existing product capabilities, provides a full-spectrum of solutions for customers in the manufactured home communities industry,” says Mark Myers, head of Commercial Real Estate at the bank.

It’s exciting to see positive opportunities in the manufactured housing industry. At Newby Management, we are excited to offer new 2015 homes in many of our communities. Making lending easier for residents will give more people the opportunity to purchase brand new homes.

Whether you’re purchasing a home that has been loved or one that’s new, Newby Management wants to help. We’re here to assist you on this exciting journey. We encourage you to visit our realty website www.NewbyRealty.com to see what we have available now.

Get personal help from our sales lead management Deborah Gosser at sales@NewbyRealty.com and speak to our expert in the field. She can help you find the perfect home in one of our amazing communities.

Positive Stories from Manufactured Home Communities

All too often you hear negative stories about manufactured home communities. Today, we are sharing a few positive stories from some of our communities that are sure to brighten your day.

PALM TERRACE, SARASOTA, FLORIDA
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On Easter weekend in Palm Terrace the office of this 55+ community was closed. A family from Sweden with small children came into the park around 7 PM in their rented RV. They were tired and weary of looking for a camp site as everywhere was full.

Two Palm Terrace residents welcomed them, showed them to an RV site, made sure they got hooked up to the water and even ran an extension cord to their RV from one of the residents outside plugs. The family was so grateful of a community to came together to help them in a time of need.

WOODALL’S VILLAGE, LAKELAND, FLORIDA
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Sometimes the people are truly what make an RV resort great. These two couples from Charleston, West Virginia decided to come to Florida as RV campers for the first time. After searching the internet the found Woodall’s and spoke with Dee, the community’s officer manager to book Jan-Feb. 2015.

After settling in the couples met their RV neighbors, checked out the events at Woodall’s and learned a little about Lakeland they were hooked. They became part of the Woodall’s family and even booked the sames sites for January and February next year.

CAMELOT EAST, SARASOTA, FLORIDA
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At Camelot East, age didn’t stop one woman from living the life she wanted. An 83-year-old resident purchased a brand new 2015 Jacobsen model home in the community. The management team assisted her throughout the process and she truly appreciated their service. She loves living in the community and is glad to have purchased at Camelot East. Keep living the life you deserve, sister!