October 14, 2020
Rockport Home loan Corp. has organized a $81.8 million loan to refinance South Cove Plaza, a 231-unit seniors housing neighborhood in Boston.
Situated in Boston’s Back Bay area, South Cove Plaza consists of a 142-unit structure on Stuart Street and also an 89-unit structure on Tremont Street. Both buildings include a mix of 193 one-bedroom units and 38 two-bedroom units. In addition, the community includes a combined 10,200 square feet of very beginning commercial space.
The debtor, Weston Associates, will utilize finance profits to refurbish system insides, mechanical systems and also facility rooms.
For remarks, concerns or issues, please get in touch with David Cohen