New Bedford, MA (March 10, 2020) – Rockport Mortgage Corporation recently announced the closing of an FHA Section 223(f) refinancing loan totaling $42.7 million for Melville Towers, an elderly apartment complex located at 850 Pleasant Street, New Bedford, MA. The property is owned by the non-profit Affordable Housing & Services Collaborative, Inc. and managed by Peabody Properties.
![exterior view of apartment complex](https://g5-assets-cld-res.cloudinary.com/image/upload/q_auto,f_auto,fl_lossy,c_fill,g_center,h_406,w_720/v1692899613/g5/g5-c-5wq1x8clb-peabody-properties-inc/g5-cl-1n38j8zao3-peabody-properties-inc-braintree-ma/services/press-3-10-20b.jpg_xriap6.jpg)