Rockport Mortgage Refinances 70-Unit Multifamily Property In Carver, MA For $10.3M

The $10.3 million HUD Section 223(f) refinance loan was finalized by Rockport Mortgage Corporation for Prence Grant and Meadowbrook Apartments, a multifamily property consisting of 70 units of subsidized affordable senior housing located at 1 Meadowbrook Way in Carver, MA.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,300,000
• Asset Type: Multifamily
• Units: 70
• Lender: Dan Lyons - Rockport Mortgage Corporation
• Loan Type: Refinance
• Address: 1 Meadowbrook Way
• Market: Carver, MA

Dan Lyons from Rockport Mortgage Corporation acted as the lender in the deal, providing the refinancing for the senior housing property. The loan transaction reflects a strategic financial move benefiting both the borrower and the lender involved in the intricate financing arrangement.