Posts by rockeditor

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 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 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 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 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…