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Testimonials - Apartments

Club at Brazos

Degree of Difficulty

Program Type

new construction

Location |

Rosenberg, TX

Property |

200 unit luxury apartments

Financing |

-FHA Mortgage w/ construction loan
-Mezzanine loan

"Every staff member of RMC involved in processing the developers financing package were highly experienced and well versed in the intricacies of FHA regulations and procedures."

Contact: Al Fairfield

Value
Rockport Mortgage planned and directed the whole process, providing excellent consultants to guide the plans and cost planning. Executives of RMC assisted the developer to negotiate the formation and detailed structure of both financing elements. All complications were efficiently resolved in a timely manner.

Experience
Every staff member of Rockport Mortgage involved in processing the developers financing package were highly experienced and well versed in the intricacies of FHA regulations and procedures. This continually manifested itself in smooth completion of FHA/HUD requirements, with all parties continually advised and assisted.

Relationship
Mr. Joe Mueller meticulously handled all planning and processing with the developer and HUD officials, and when he sustained a leg injury, George Lieser stepped in to attend the Initial Endorsement in Houston and worked with all parties to the closing, resolving all issues to everyone's mutual satisfaction.

   

Cambridge Development

Degree of Difficulty

Program Type

refinance

Location |

Vermont & New Haven, CT.

Property |

Woolen Mill
Brewery Square

Financing |

refinance

"Rockport helped evaluate a number of alternative financing programs. They represented our team with HUD and helped obtain the first MAP program financing in New England."

Contact: Thomas Travers

Rockport has financed three complicated transactions for us over the last four years. Our firm designs, develops and manages the properties we financed with Rockport.

Project
Residential housing which are both market rate and mixed use.

Depth
Our Vermont transaction and our New Haven transaction both dealt with second and third mortgages held by municipalities.

Rockport was instrumental in helping us raise the necessary capital to purchase limited partner's shares who wanted to get out of their investment and in providing funds to refinance a loan which was in trouble without a restructuring of the debt.

Relationship
Rockport's people are a pleasure to work with at all times. They are attentive to detail and react to issues very timely and with professionalism. They also are VERY good golfers. Do not give them strokes.

 
 

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