Posts by rockpr

Rockport Mortgage Announces $74.5M in Financing for Queens, NY Elderly Housing; Extends Affordability through 2040

GLOUCESTER, MA—Rockport Mortgage Corporation recently announced the closing of a $74.5 million FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, a 512-unit HUD-subsidized property for the elderly located in the Far Rockaway neighborhood of Queens, NY. The property consists of two 17-story elevatored buildings and is owned by JASA Corporation…

Rockport Mortgage and LIHC Investment Group Announce $140M in Financing for West New York, NJ Affordable Housing; Extending Affordability through 2059

NEW YORK, Oct. 27, 2020— Rockport Mortgage Corporation and LIHC Investment Group today announced the closing of a $140 million FHA Section 223(f) refinancing loan for Parkview Towers, a 688-unit property located West New York, New Jersey. The development consists of two 24-story buildings and is owned by LIHC, a leading real estate investment group…

Rockport Mortgage Announces $81.8M in Financing for South Cove Plaza Community – Financing extends the affordability of senior and disabled housing for 23 years

GLOUCESTER, MA…Rockport Mortgage Corporation recently announced the closing of an FHA Section 223(f) refinancing loan totaling $81.8 million for the South Cove Plaza Community in Boston, a 231-unit housing development for the elderly and disabled constructed in 1982. Owned and managed by Weston Associates, the development consists of two parcels, each containing a single mixed-use, mid-rise building. One of…
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