Rockport Provides $74M FHA Financing on NoLita Rental Building
Rockport Mortgage Corporation has originated a $74 million loan to LIHC Investment Group to refinance Little Italy Restoration Apartments (LIRA) at 21 Spring Street in the NoLita neighborhood of Manhattan.
The Federal Housing Administration Section 223(f) refinance extended the asset’s Section 8 housing status through 2043 and will help fund a suite of renovations planned for the property.
LIHC Investment Secures Refi for 2 Affordable New Jersey Communities
LIHC Investment Group has obtained two loans for the refinancing of Verona Senior Citizens Apartments in Verona, N.J., and Mansion Apartments in Pine Hill, N.J.
Rockport Mortgage Corp. closed the $51 million deals, which consist of U.S. Department of Housing and Urban Development Section 223(f) loans.
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