Month: October 2020

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

October 27, 2020

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 Seals $140 Million Loan for NJ Affordable Housing Project

October 27, 2020

West New York, NJ —LIHC Investment Group has closed $140 million loan for Parkview Towers, a 688-unit affordable housing property located in West New York, NJ, Commercial Observer has learned. Rockport Mortgage provided the FHA section 223(f) loan.

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

October 5, 2020

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…