Posts by rockeditor

Rockport Mortgage Announces $271 Million in Multifamily Loans in Q1 2020

Rockport Mortgage is pleased to announce recent closings totaling $271 million in multifamily loan volume covering 1,600 multifamily and senior units. “We are very pleased to announce these first quarter closed loan transactions”, said Dan Lyons, President of Rockport Mortgage. “Each of these multifamily loan transactions presented a unique opportunity for the team at Rockport…

Rockport Mortgage Announces $38.6M in Financing for Brooklyn Affordable Housing Development

Rockport Mortgage Corporation recently announced the closing of an FHA Section 223(f) refinancing loan of $38.6 million for Union Street Houses in Brooklyn, NY. The property is owned by Scott Jaffee, Managing Member of Metropolitan Realty Group, LLC Situated in the Crown Heights neighborhood of Brooklyn, the property consists of 119 units contained within six…

Rockport Mortgage Announces $42.7M Financing for Melville Towers Apartments in New Bedford, MA

Rockport Mortgage Corporation recently announced the closing of an FHA Section 223(f) refinancing loan totaling $42.7 million for Melville Towers, an elderly apartment complex located at 850 Pleasant Street, New Bedford, MA. The property is owned by the non-profit Affordable Housing & Services Collaborative, Inc. and managed by Peabody Properties. Melville Towers Apartments, located in…

Rockport Mortgage Announces $30M in Financing for Rolling Green Apartments in Amherst, MA

Rockport Mortgage Corporation recently announced the closing of an FHA Section 223(f) refinancing loan for Rolling Green Apartments in Amherst, MA totaling $30 million. The property has been owned and managed by Beacon Communities LLC. since 2014. The property, constructed in 1970, is a mixed-income rental development located on 26.2 acres and is comprised of…

Rockport Mortgage and LIHC Investment Group Announce $51M in Financing for Two Affordable Housing Developments in New Jersey Significantly Extending the Affordability of Both Properties

Rockport Mortgage Corporation recently announced the closing of two FHA Section 223(f) refinancing loans totaling $51 million. Verona Senior Citizens Apartments in Verona ($24M), and Mansion Apartments in Pine Hill ($27M). Both properties are owned by LIHC Investment Group, one of the nation’s largest real estate firms committed to the preservation of affordable housing. Situated…

Rockport Mortgage Lead Sponsor of 2019 Tackle Sickle Cell Casino Night

Rockport Mortgage was once again the lead sponsor of the 2019 Tackle Sickle Cell Casino Night. Hosted by Devin and Jason McCourty, the 6th Annual Casino Night in Boston helped raise a record $250,000 in support of two Boston area non-profits: Boston Medical Center and Next Step. Rockport Mortgage Managing Partner Dan Lyons joined two…
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