New Company Formed to Focus on Mobile Home Loans; SJM Mohome, LLC Acquires 60-Loan Portfolio
EL SEGUNDO, Calif. - SJM Mohome, LLC, an investor group organized by Matt Douglas, Principal of El Segundo CA-based Venture West Funding, will focus on purchasing portfolios of mortgage loans on mobile homes. “Among the changes caused by the Covid-19 pandemic, we have seen renters in densely populated cities eager for more space and the pride of homeownership, and the mobile home market is flourishing”, said Douglas. According to Douglas, “This first portfolio was owned by a
