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Finance
Posted: February 12, 2016
Rockport Mortgage Corporation closed 47 transactions totaling $640 million in 2015
Gloucester, MA Rockport Mortgage Corporation closed 47 transactions totaling $640 million in FHA-insured loan proceeds in fiscal year 2015. The transactions represent 6,200 units of affordable and market-rate multifamily housing, as well as additional units serving assisted living, skilled nursing and dementia care facilities.
Over the past six years Rockport has completed over $3.2 billion in loan transactions and continues to secure its position as one of the industry’s leading providers of FHA-insured mortgage loans. According to the Department of Housing and Urban Development (HUD) Fiscal Year 2015 Lender Rankings Report, Rockport ranked third nationally with respect to value (dollar amount) of loan commitments, and eighth nationally with respect to overall number of FHA-insured mortgage commitments in the multifamily sector.
Since 1992 Rockport has successfully assisted clients in structuring financing solutions for both multifamily and healthcare facilities, providing a broad scope of financing programs for the refinance, acquisition, construction and rehabilitation of market-rate and affordable multifamily properties, as well as healthcare facilities.
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