Month: December 2020

Rockport Mortgage Announces $74.5M in Financing for Queens, NY Elderly Housing; Extends Affordability through 2040

GLOUCESTER, MA—Rockport Mortgage Corporation recently announced the closing of a $74.5 million FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, a 512-unit HUD-subsidized property for the elderly located in the Far Rockaway neighborhood of Queens, NY. The property consists of two 17-story elevatored buildings and is owned by JASA Corporation…