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1 Meadowbrook Way
FINANCED

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

1 Meadowbrook Way

MultiFamily
clock iconFinanced 36 days ago
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Summary

Loan
MASSACHUSETTS
MultiFamily

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.

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Rockport Mortgage Corporation's profile picture
Rockport Mortgage Corporation
Rockport Mortgage Corporation

Details

Deal Summary
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FINANCED
IMAGE: Dan Lyons DATE: 06/14/2024 ADDRESS: 1 Meadowbrook Way MARKET: Carver, MA ASSET TYPE: Multifamily ~ UNITS: 70 LENDER: Dan Lyons - Rockport Mortgage Corporation LOAN AMOUNT: $10,300,000 LOAN TYPE: Refinance NOTE: Rockport Mortgage finalized a $10.3 million HUD Section 223(f) refinance loan for Prence Grant and Meadowbrook Apartments, 70 units of subsidized affordable senior housing spanning Marshfield and Carver, MA.

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Address1 Meadowbrook Way

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