WILKES-BARRE, PA-Tammac Holding Corp. has completed a $345-million financing package from six equity investors. The locally based company is a specialty finance business that originates mortgages to consumers who buy manufactured homes and provides inventory financing to manufactured housing dealers. Concurrent with the closing, Jeffery Roth, former SVP of manufactured housing, has been appointed president.

Robert Tambur, Tammac's founder and chairman, says the resources will be instrumental in helping his company "achieve its aggressive growth objectives. By taking in investors in order to grow, we expect to lend about $150 million a year," he tells GlobeSt.com. While the financing was anticipated prior to the Gulf hurricanes and is not directly affected by them, Tambur also notes, "FEMA will be buying thousands of manufactured homes," creating additional business for the industry.

Philadelphia-based LLR Partners Inc. and New York City-based Greenhill Capital Partners led the $45-million investment made by the equity investors. Austin Capital Group, also based in New York City; Wayne-based SCP Private Equity Partners; Greenwich, CT-based RBS Greenwich Capital and Providence, RI-based Textron Financial Corp. provided an additional $300-million debt facility.