Rockport Mortgage Corporation Provides $37.2 Million Refinance For Samuel Kelsey Apartments In Washington D.C

The transaction involves Samuel Kelsey Apartments, a senior housing asset with 150 units located at 3322 14th Street Northwest in Washington, DC. The asset is classified under affordable senior housing and had a loan amount of $37,200,000 refinanced through HUD 223(f).

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $37,200,000
• Loan Type: Refinance
• Lender: Rockport Mortgage Corporation
• Landlord: WinnCompanies
• Market: Washington, DC

This refinance transaction was conducted to retire existing debt and fund renovations for the property, highlighting the financial strategy involved in the management of Samuel Kelsey Apartments.