BellaNova at Jubilee Park 
Thursday, March 15, 2018 at 7:41AM
Philip Perkins in 2018 Closings, Florida, Multi-family

BellaNova at Jubilee Park is a 312-unit new construction market rate multifamily community located in Orlando, Florida.  The project is located on a 28.1 acre parcel and will consist of 26, two-story apartment buildings, five detached garage buildings, and one clubhouse.  The project also features a heated swimming pool with deck area, outdoor kitchen, playground, walking trail, four pocket parks, and a designated car care area.  Utilizing HUD's Section 221(d)(4) New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $52,908,700 at a fixed interest rate with a 40-year term.

 

Article originally appeared on AGM Financial Services: Financing Communities with FHA (http://www.agmfinancial.com/).
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