Westminster Portfolio 

AGM recently closed a portfolio of 11 properties located across North Carolina and South Carolina.  The properties range in size from 63 and 156 units and are largely garden-style walk-up apartments with Section 8 contracts.  Using HUD's Section 223(f) refinance program, AGM obtained HUD-insured mortgages for each property with total proceeds exceeding $30,000,000 for the portfolio.  Each mortgage is non-recourse and fully amortizing at a fixed interest rate. 

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