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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…

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…

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…

The FHA Section 223(f) refinancing loan will maintain the affordability of Renwick Garden Apartments in Kips Bay NEW YORK, NY—Rockport Mortgage Corporation and LIHC Investment Group today announced the closing of a $65 million FHA Section 223(f) refinancing loan for Renwick Garden Apartments, a 224-unit…

Refinancing extends senior housing’s affordability through 2055 GLOUCESTER, MA…Rockport Mortgage Corporation recently announced the closing of a $36.4 million FHA Section 223(f) refinancing loan for Borden Place Apartments, 261 units of age-restricted housing, located in downtown Fall River, MA. Managed by Peabody Properties since 1981,…

Refinancing extends affordability of the property through 2053 GLOUCESTER, MA…Rockport Mortgage Corporation recently announced the closing of a nearly $20 million FHA Section 223(f) refinancing loan for Bedford Towers, a 157-unit family and senior housing development located in New Bedford, Massachusetts. Originally constructed in 1977,…

Refinancing extends affordability of the property through 2032 GLOUCESTER, MA…Rockport Mortgage Corporation recently announced the closing of an $8 million FHA Section 223(f) refinancing loan for Casselman House, 42 units of elderly/disabled housing, located in Newton, Massachusetts. The five-story elevator building was originally constructed in…

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…

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…

Rockport Mortgage Corporation recently announced the closing of an FHA Section 223(f) refinancing loan of $38.6 million for Union Street Houses in Brooklyn, NY. The property is owned by Scott Jaffee, Managing Member of Metropolitan Realty Group, LLC Situated in the Crown Heights neighborhood of…