First Bankers Trust Company launches MHC Funding for mobile home communities
QUINCY — First Bankers Trust Company, N.A., a wholly-owned subsidiary of First Bankers Trustshares, Inc., recently announced the launch of MHC Funding, a division specializing in the financing of mobile home communities.
First Bankers Trust Company’s experience in this type of lending allows for efficient processes that will streamline the purchase and operation of quality mobile home communities. With the primary focus initially on properties in Illinois, Iowa, Missouri and Indiana, MHC Funding will expand its footprint over time by growing and developing a specialized team.
In a press release, Allen Shafer, president and CEO of First Bankers Trust Company, said, “This is an industry that has exciting growth potential. Our company has years of experience financing in this area. We feel it is important to provide a specialized team with unique products and services to exceed the needs of these customers.”
MHC Funding is committed to providing expert underwriting and financing for the purchase and operation of mobile home communities and mobile home parks. MHC Funding is available as a resource for property real estate agents as well as owners and operators of mobile home communities.
“This is an exciting development for our business and our customers,” said Nathan Frese, vice president/commercial banker of MHC Funding. “We recognize that there is a need for specialized and focused resources to better serve this industry. Our focus is to provide value and an efficient process that will benefit all parties involved.”
For more information, visit www.MHCfunding.bank.
First Bankers Trust Company has branch locations in Quincy, Macomb, Mendon, Carthage, Rushville and Springfield, as well as a loan production office in O’Fallon, Ill. It is the largest bank in Adams County.
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