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.
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FHA Proposals on New MIP Premiums and Eliminating Green MIP
Late yesterday, HUD announced important proposed changes in mortgage insurance premiums (MIP) for FHA-insured multifamily loans. In a notice to be published in the Federal
