Rockport Mortgage of Gloucester, MA, announced the closing of a $42.4 million, HUD Section 223(f) refinance loan in Lowell, MA. The transaction will preserve affordability at the rental housing development for 39 years. Market Mill Apartments is a 230-unit affordable housing community serving seniors and families located at 246 and 256 Market Street. The development, located in the Downtown Historic District of Lowell, has been designated an Opportunity Zone and consists of one five-story elevator building for seniors, and one four-story elevator building for families. Both adjacent buildings feature one- and two-bedroom units.