Year: 2019

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…

Rockport Mortgage Announces $109 MM in Multifamily Financing Transactions

Rockport Mortgage Corporation is pleased to announce recent loan closings totaling $109 million in loan volume. These loan closings, all HUD Section 223(f) loan transactions, help to preserve 752 units of affordable housing in Massachusetts and New Hampshire. “The combination of near historic low interest rates and the competitive terms that FHA loan programs offer…

Rockport Mortgage Announces $26M Multifamily Affordable Financing in Connecticut

Rockport Mortgage of Gloucester, MA, announced today the closing of a $26.6 million, HUD 221(d)(4) substantial rehabilitation loan in Meriden, CT. Yale Acres is a 162 unit affordable housing community originally constructed in 1952 by the Meriden Housing Authority (“MHA”). The borrower, Yale Acres LLC of Meriden, CT, is an affiliate of Maynard Road Corporation,…

Rockport Mortgage Announces $50 million Multifamily Affordable Financing in New York City

For Immediate Release May 14, 2019 Media Contact: Tara Goodwin (508) 404-1745; tara@goodwinpr.com GLOUCESTER, MA…Rockport Mortgage Corporation today announced that it has closed on a $50.3 million HUD Section 223(f) refinancing loan in lower Manhattan. The property, an elderly housing development with more than 150 units, benefited from a 20-year housing assistance payment, or “HAP”,…

Rockport Mortgage Closes $1 Billion in FHA Multifamily Loans for HUD Fiscal Year 2018; Ranks Fourth Nationally.

For Immediate Release April 17, 2019 Media Contact: Tara Goodwin (508) 404-1745; tara@goodwinpr.com GLOUCESTER, MA…Rockport Mortgage Corporation today announced that it has once again maintained a top position in the HUD lender rankings for multifamily dollar volume and loan commitments, and closed over $1 billion in FHA loan volume during HUD’s fiscal year 2018.  This…
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