Baybrook Park

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AGM Financial Services, Inc. is proud to announce the closing of an FHA-insured $4,030,000 mortgage under the 223(f) refinance program of the Baybrook Park in Webster, TX. Built in 2006, this affordable senior apartment community features 100 units in four single-story buildings and one four-story elevator-served building. The extensive list of amenities includes a pool, BBQ pavilion, shuffleboard, activity center, business center with free internet, clothes care center, limited access gates, and private garages.  The community will also provide social services and planned activities as well as regularly scheduled transportation. Eighty of the units charge rents that are affordable to 30%, 50% and 60% AMI households and average 41.1% below market rents.

Uvalde Ranch

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AGM Financial Services, Inc. is proud to announce the successful closing of a HUD insured $14,397,500 mortgage under the 223(f) refinance program of Uvalde Ranch in Houston, TX. Originally built in 2005, this affordable senior apartment community features 244 units in seven three-story garden style buildings and one four-story elevator served building. All of the apartments are restricted to households whose incomes are at or below 50% of area median income. Amenities include a clubhouse, game room, laundry facilities, pool area with tropical landscaping, and playground.

Fountains at Tidwell

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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.

Fallbrook Ranch

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Fallbrook Ranch is an existing 196-unit affordable multifamily community located in Houston, Texas.  Located on 13.81 acres of land, the project consists of 16, garden and townhome-style apartment buildings with a swimming pool, leasing office, community room, playground, and 48 detached garage units.  The community contains two-bedroom and three-bedroom units.  Fallbrook Ranch is a mixed-income community with 156 of the units designated as affordable to a combination of 30%, 40%, 50% and 60% AMI levels.  The remaining 40 units are market rate.  Utilizing HUD's Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $11,300,000 with a 35-year term at a fixed interest rate.

 

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Myles Perkins

Myles has spent more than 15 years in commercial real estate with experience in asset management, acquisitions, dispositions, and financing. Prior to joining AGM he was a Vice President of asset management with The JBG Companies in Chevy Chase, MD. Before joining JBG, Myles was an investment analyst for the Akridge Companies in Washington, DC. He also spent several years underwriting and originating GSE debt at Reilly Mortgage Group before it was acquired by Wells Fargo. B.A. Geography, Bucknell University; MBA, Darden School of Business, The University of Virginia.

Cypresswood Estates

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Cypresswood Estates is an existing 88-unit mixed-income multifamily community located in Houston, Texas.  Located on 9.97 acres of land, the community caters to elderly residents age 55 and older.  The project consists of 11 residential buildings including two, three-story elevator-serviced buildings, and nine villa-style structures.  In addition, there are individual rental garages and a leasing office containing a community room, pool access, and fitness center.  Of the 88 units, eight are restricted to households earning at or below 30% of area median income (AMI), 16 units are restricted to 50% AMI, 44 units are restricted at 60% of AMI, and the remaining 20 units are workforce and market rate.  Utilizing HUD's Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $4,630,000 with a 35-year term at a fixed interest rate.

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Myles Perkins

Myles has spent more than 15 years in commercial real estate with experience in asset management, acquisitions, dispositions, and financing. Prior to joining AGM he was a Vice President of asset management with The JBG Companies in Chevy Chase, MD. Before joining JBG, Myles was an investment analyst for the Akridge Companies in Washington, DC. He also spent several years underwriting and originating GSE debt at Reilly Mortgage Group before it was acquired by Wells Fargo. B.A. Geography, Bucknell University; MBA, Darden School of Business, The University of Virginia.

Fountains at Tidwell

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Fountains at Tidwell is an existing 188-unit mixed-income multifamily community located in Houston, Texas.  Located on 17 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.

 

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Myles Perkins

Myles has spent more than 15 years in commercial real estate with experience in asset management, acquisitions, dispositions, and financing. Prior to joining AGM he was a Vice President of asset management with The JBG Companies in Chevy Chase, MD. Before joining JBG, Myles was an investment analyst for the Akridge Companies in Washington, DC. He also spent several years underwriting and originating GSE debt at Reilly Mortgage Group before it was acquired by Wells Fargo. B.A. Geography, Bucknell University; MBA, Darden School of Business, The University of Virginia.

Sterling Green Village Apartment Homes

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Sterling Green Village Apartment Homes is an existing 150-unit affordable multifamily apartment community located in Channelview, Texas.  The project is located on 16.34 acres of land and consists of 150 one and two-story buildings and a separate clubhouse building.  All of the units are restricted to tenants earning at or below 60% of area median income (AMI).  Utilizing HUD's Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $13,248,000 with a 35-year term at a fixed interest rate.

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Myles Perkins

Myles has spent more than 15 years in commercial real estate with experience in asset management, acquisitions, dispositions, and financing. Prior to joining AGM he was a Vice President of asset management with The JBG Companies in Chevy Chase, MD. Before joining JBG, Myles was an investment analyst for the Akridge Companies in Washington, DC. He also spent several years underwriting and originating GSE debt at Reilly Mortgage Group before it was acquired by Wells Fargo. B.A. Geography, Bucknell University; MBA, Darden School of Business, The University of Virginia.

Almeda Park Apartments

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Almeda Park Apartments is an existing 196-unit affordable multifamily community located in Houston, Texas.  The project is located on a 12.9 acre property and consists of 49 two-story buildings and a separate community/leasing building.  Utilizing HUD's Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $12,549,200 with a 35-year term at a fixed interest rate.

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Myles Perkins

Myles has spent more than 15 years in commercial real estate with experience in asset management, acquisitions, dispositions, and financing. Prior to joining AGM he was a Vice President of asset management with The JBG Companies in Chevy Chase, MD. Before joining JBG, Myles was an investment analyst for the Akridge Companies in Washington, DC. He also spent several years underwriting and originating GSE debt at Reilly Mortgage Group before it was acquired by Wells Fargo. B.A. Geography, Bucknell University; MBA, Darden School of Business, The University of Virginia.

Tidwell Estates

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Tidwell Estates is an existing 132-unit affordable multifamily community located in Houston, Texas.  The project consists of garden and townhouse style buildings and a separate community/leasing building.  Utilizing HUD's Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $6,587,400 with a 35-year term at a fixed interest rate.

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Myles Perkins

Myles has spent more than 15 years in commercial real estate with experience in asset management, acquisitions, dispositions, and financing. Prior to joining AGM he was a Vice President of asset management with The JBG Companies in Chevy Chase, MD. Before joining JBG, Myles was an investment analyst for the Akridge Companies in Washington, DC. He also spent several years underwriting and originating GSE debt at Reilly Mortgage Group before it was acquired by Wells Fargo. B.A. Geography, Bucknell University; MBA, Darden School of Business, The University of Virginia.

Dayton Park Apartments

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Dayton Park Apartments is an existing 174-unit affordable multi-family community located in Dayton, Texas.  Utilizing HUD's Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $7,200,000 with a 35-year term at a fixed interest rate. 

 

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Myles Perkins

Myles has spent more than 15 years in commercial real estate with experience in asset management, acquisitions, dispositions, and financing. Prior to joining AGM he was a Vice President of asset management with The JBG Companies in Chevy Chase, MD. Before joining JBG, Myles was an investment analyst for the Akridge Companies in Washington, DC. He also spent several years underwriting and originating GSE debt at Reilly Mortgage Group before it was acquired by Wells Fargo. B.A. Geography, Bucknell University; MBA, Darden School of Business, The University of Virginia.

South Acres Ranch

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South Acres Ranch is comprised of 80 two-story ranch-style single family rental homes, each containing four bedrooms and an attached garage.  It is located in Houston Texas.  Using HUD’s Section 223(f) program AGM obtained a $3,497,000 mortgage to retire conventional debt as well as a $750,000 loan from the Texas Department of Housing and Community Affairs through their Tax Credit Assistance Program.

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Myles Perkins

Myles has spent more than 15 years in commercial real estate with experience in asset management, acquisitions, dispositions, and financing. Prior to joining AGM he was a Vice President of asset management with The JBG Companies in Chevy Chase, MD. Before joining JBG, Myles was an investment analyst for the Akridge Companies in Washington, DC. He also spent several years underwriting and originating GSE debt at Reilly Mortgage Group before it was acquired by Wells Fargo. B.A. Geography, Bucknell University; MBA, Darden School of Business, The University of Virginia.