Linda Pellegrino

Linda Pellegrino joined Rockport Mortgage Corporation in February 2002 as Vice President. In this capacity, she is responsible for the origination and structuring of HUD-insured mortgage loans, with a concentration in the recapitalization and preservation of affordable housing communities across the nation.

Utilizing 30 years of expertise achieved through the successful navigation of highly complex FHA-Insured financing and HUD preservation initiatives, Linda specializes in developing innovative transaction structures utilizing the wide variety of value-enhancing incentives available to owners of HUD-assisted communities. Linda further utilizes her affordable housing expertise by serving as Rockport’s Principal Policy Advocate on HUD regulatory and administrative initiatives. Since joining Rockport, Linda has completed recapitalizations on more than 242 properties resulting in refinancing proceeds of over $3 billion.

Prior to joining Rockport, Linda served as Vice President for Recap Advisors, a Boston-based affordable housing consulting firm. There she developed, negotiated and implemented complex recapitalizations for primarily HUD-regulated and subsidized properties, including initiatives to renovate properties and extend their affordability using various preservation tools such as Mark up to Market (MUM), Mark up to Budget (MUB), Mark to Market, Flexible Subsidy Use Agreement renegotiation, Section 236 IRP Decoupling and Section 202 recapitalization.

Linda began her career at HUD and last served as a Senior Asset Manager in the Boston HUD Office, where she managed a large portfolio of affordable properties and designed and negotiated innovative workout strategies for distressed assets.

A graduate of the University of Massachusetts at Dartmouth, Linda has completed 600 hours of HUD training in housing finance and management, as well as additional course work in finance, management, community development, and housing policy at the University of Maryland, Boston University, and Harvard’s JFK School of Government. Linda currently serves as a Board Member for the National Leased Housing Association.

In December 2019, Linda was named Professional Woman of the Year by the Institute of Real Estate Management.