Properties Financed by AGM

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May232012

Meadow Lark Manor

Meadow Lark Manor is a 4-story, 74-unit seniors apartment complex in Gardena, Los Angeles County, California. Using HUD's 223(f) Refinance Program for Section 202 Direct Loans, AGM obtained a $4,819,600 HUD-insured mortgage with a 35-year term, through the Los Angeles HUD office. The project includes upgrades costing $866,700 or $11,700 per unit for new windows, new carpeting, new kitchen appliances, and roof repairs. The property has 18 studios and 56 1-BR units with 39 parking spaces.

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