Rockport Provides HUD Refi on Queens Senior Housing

Rockport Mortgage Corp. recently closed a $74.5-million FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, a 512-unit HUD-subsidized property for the elderly in Queens’ Far Rockaway neighborhood. The property consists of two 17-story elevatored buildings and is owned by JASA Corporation and managed by JASA Housing Management Services for the Aged.

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