Month: August 2019

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,…