Tuesday
May282019

Brent Place 

Brent Place is an existing 207-unit affordable multifamily community located in Alexandria, Virginia.  Located on 3.85 acres of land, the project consists of one 14-story elevator-serviced apartment building, two outdoor swimming pools, and children’s playground.  The community has one-bedroom, two-bedroom, and three-bedroom units restricted to households 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 $15,950,600 with a 35-year term at a fixed interest rate.

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