Waldorf Technology Park

AGM Financial Services, Inc. is excited to announce the successful closure of a $68,968,700 mortgage for the new construction of Waldorf Technology Park. This remarkable project will provide 272 new market-rate units within 7 four-story elevator-served buildings in Waldorf, Maryland. The 40-year FHA insured loan was made using the Section 220 program providing long term fixed rate construction/permanent debt. The project will provide spacious, upscale apartment homes with stainless steel appliances, in-unit washer/dryer setup, balconies, and some covered garages.

Governor’s Inn

AGM Financial Services, Inc. is proud to announce the recent closing of a HUD insured $38,139,200 mortgage under the 221(d)(4) new construction program for Governor’s Inn in Williamsburg, VA.  This new market rate community will be built on the site of a former hotel located close to the historic center of Colonial Williamsburg.  The five elevator-served apartment buildings will provide a total of 162 units.  A separate clubhouse will include a great room, cybercafé, fitness center, yoga studio, and swimming pool.  The pool deck will feature an outdoor living area, grilling station and fire pit.

Remington Row

Remington Row is a 108-unit market rate mixed-use project developed by Seawall in downtown Baltimore. Seawall and Remington Row are leading the revitalization of the historic Remington neighborhood, creating high-quality residential living as well as space for small businesses and nonprofits to thrive. AGM was pleased to provide $28,000,000 in long-term FHA-insured permanent financing for Remington Row and to join Seawall in their work to turn Remington Avenue into a walkable urban main street.

Hamilton Townhome Apartments

Hamilton Townhome Apartments is a 42-unit new construction market rate multifamily project located in Baltimore, Maryland.  Located on 1.94 acres in the Frankford neighborhood of Northeast Baltimore, Hamilton Townhome Apartments will consist of three groupings containing two-story townhouse-style buildings with two-bedroom units on the first floor and three-bedroom units on the second floor.  Utilizing HUD's Section 221(d)(4) New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $7,396,800 at a fixed interest rate with a 40-year term.

Reserve at Stoney Creek II

Reserve at Stoney Creek II is an existing 76-unit market rate multi-family apartment community located in Pasadena, Maryland.  Originally built in 2016, the property consists of three, four story elevator-serviced buildings with structured parking.  The community’s amenity package includes a pool, a fitness center, and central clubhouse which are shared between Phases I and II.   AGM obtained a HUD insured mortgage of $13,832,400 under the 223(a)(7) refinance program.  The refinance of the existing mortgage reduced the fixed interest rate while extending the term of the mortgage back to the original term of 40 years.

Fountains at Tidwell

Fountains at Tidwell is an existing 188-unit mixed-income multifamily community located in Houston, Texas.  Located on 22 acres of land, the project consists of 47 one and two-story garden style buildings, detached garages, swimming pool, and a community/leasing building.  Of the 188 units, 11 are restricted to households earning at or below 30% of area median income (AMI), 61 units are restricted to 50% AMI, 69 are restricted at 60% of AMI, and the remaining 47 units are market rate.  Utilizing HUD's Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $10,600,000 with a 35-year term at a fixed interest rate.