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Testimonials - Affordable Housing

Affordable Housing Strategies, Inc.

Degree of Difficulty

Program Type

refinance

Location |

Providence, RI

Program |

Conventional Multifamily

Financing |

223(f)
tax exempt

"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: Bob Gaudreau

Depth
Three different projects - three financed under 223(f), one tax-exempt. All four had to close at the same time with all three having different partners - making timing and coordination extremely difficult.

Value
Rockport Mortgage Corp. is well versed in ALL HUD financing programs. Rockport Mortgage understood our objectives and our timing. Because in-place rents were below market, we needed a mortgage banker that could give us financing that reflected real rents in the market at the time.

 
 

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