News: Financial Digest

Rockport Mortgage Corp. provides $2.55m for Donna Kay Rest Home

Michael Byrnes of Rockport Mortgage Corporation announced that the firm has provided a $2.55 million HUD 232 loan to finance the acquisition of Donna Kay Rest Home. Donna Kay Rest Home is a one-story building consisting of 60 bed units. The facility was originally constructed in 1975. Although Donna Kay Rest Home is licensed as a rest home, it was constructed to meet standard nursing facility requirements and has many features. The facility has an integrated nurse call system, which are not normally found in competitive residential care facilities. The purpose of the HUD 232 loan was to provide funds for the acquisition, repairs and upgrades to improve the marketability. The loan provides funds to renovate the facility and construct additional showers enhancing its marketing and appeal to people and families looking for an alternative to the higher priced assisted living facilities.
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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.