Rockport Secures $82M Refinancing for Boston Seniors Housing Building

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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.

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. Link with Weston Associates

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