Month: April 2020

Rockport Mortgage Corp handles $9 million financing for Lowell Belvidere Apartments – managed by Peabody Properties

April 24, 2020

Lowell, MA Rockport Mortgage Corp. completed the closing of an FHA Section 223(f) refinancing loan totaling $9 million for the Lowell Belvidere Apartments. The property is managed by Peabody Properties. Situated on 1.28 acres in the Belvidere neighborhood of the city, the property consists of 70 family apartments (1-4 bedrooms) contained in 12 buildings that…

LIHC Investment, Rockport Mortgage Secure $74M for Manhattan Affordable Housing

April 16, 2020

NEW YORK CITY– LIHC Investment Group and Rockport Mortgage Corporation have landed a $74 million FHA Section 223(f) refinancing loan to maintain the affordability of the Little Italy Restoration Apartments located at 21 Spring St. in Manhattan.

LIHC Investment Group and Rockport Mortgage Announce $74M in Financing for Little Italy Restoration Apartments in New York City, Extending the Property’s Affordability

April 15, 2020

NEW YORK CITY—LIHC Investment Group and Rockport Mortgage Corporation today announced the closing of an FHA Section 223(f) refinancing loan totaling $74 million for Little Italy Restoration Apartments located at 21 Spring Street in New York City. The property is owned by LIHC Investment Group, one of the nation’s largest real estate firms committed to the…

Rockport Mortgage Announces $271 Million in Multifamily Loans in Q1 2020

April 9, 2020

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…