Month: July 2020

On Thursday, June 4th, Rockport Mortgage’s managing partner and president Dan Lyons was set to be recognized by the Greater Boston Real Estate Board (GBREB) and uAspire, a leading national provider of financial aid advising, as the recipient of the 2020 GBREB Humanitarian Award. The event would also honor lieutenant governor of Massachusetts Karyn Polito…

New Bedford, MA Rockport Mortgage Corp. completed the closing of $19.9 million FHA Section 223(f) refinancing loan for Bedford Towers, a 157-unit family and senior housing development. Originally constructed in 1977, the development consists of one high-rise building and seven two-story townhouse buildings located on two parcels of land totaling 5.75 acres in downtown.

Fall River, MA Rockport Mortgage Corp. completed the closing of a $36.4 million FHA Section 223(f) refinancing loan for Borden Place Apartments, 261 units of age-restricted housing, located downtown. Managed by Peabody Properties since 1981, the development consists of two buildings, Borden Place East (145 units) and Borden Place West (116 units), situated within a two-minute…

The affordability of homes for lower-income seniors has been extended for at least 20 years at the 43-unit Casselman House in Newton, Mass. MassHousing has provided $8.1 million in financing to nonprofit Newton Community Development Foundation (NCDF) to help preserve the longtime development. NCDF refinanced Casselman House through MassHousing’s Multifamily Accelerated Processing (MAP)/Ginnie Mae Joint…