AGM Financial Services, Inc. is proud to announce the successful closing of an FHA-insured $17,918,000 mortgage for the Naples Manor Townhomes located in Silver Spring, MD. Built in 1988, these 64 three-story townhomes are surrounded by nature with access to the nearby retail, employment, and public transit. Together with their recent purchase of the community, the owner added income restrictions to preserve it as affordable. Thirteen of the townhomes are restricted to households making at or below 50% of area median income, and 51 are restricted to households making at or below 65% of area median income. The project was financed under the 223(f) Refinance program and Montgomery County supported the transaction by providing a tax abatement.
The Deal is Done Closings
The Deal is Done: Park Heights Senior Apartments
We want to thank everyone who made this closing a success: Borrower: 4710 Park Heights Senior Limited Partnership Developer: NHP Foundation Co-Sponsors/developer: The Henson Development
