The Depot at North Salem of Apex, NC
AGM Financial Services, Inc. is excited to announce the successful closure of a $47,233,300 mortgage for the new construction of “The Depot at North Salem.” This
FHA financing is mortgage insurance for apartment projects. And it is magic.
Through a clearly defined process, FHA mortgage insurance turns your deal into government-backed paper and access to the capital markets, giving you proceeds and pricing not available from banks or other lenders. And it does it without relying on personal guarantees or recourse beyond the property itself. Designed to provide steady, reliable, long-term access to project financing, FHA-insured financing can be a great way to build apartments – and your legacy.
Certainty of Execution
We take you and your project through the process to closing and beyond.
Lower Rates and Longer Terms
With FHA you get lower rates rates and longer terms and amortization, thanks to federal backing.
Higher Leverage
We provide loans at 1.176 DSC and up to 85% of cost, offering more proceeds than many other lenders.
Nonrecourse
Peace of mind with no personal or corporate guarantees.
As an FHA lender, we can help developers finance these market-rate multifamily deals:
We offer FHA-insured 221(d)(4) construction / permanent loans that provide up to 85% of cost for new apartment construction or substantial rehab with higher leverage, lower rates, 40-year amortization and term and no recourse.
Get Our Market-Rate
New Construction Guide
The 223(f) loan program can also be used to acquire existing multifamily properties and can include proceeds for renovations as well, all nonrecourse at the same 1.176 DSC and 35 year term.
We offer FHA-insured 223(f) loans to refinance existing multifamily debt. With lower coverage ratios (1.176) and longer, fully amortizing 35-year terms, an FHA-insured refinancing is available at 80% LTV with cash out or 85% LTV with no cash out.
And FHA’s 223(a)(7) loan program can make refinancing existing FHA-insured debt remarkably easy when interest rates fall.
Both 223(f) and 223(a)7 loans are nonrecourse.
Download Our Market-Rate
Refinancing Guide
As a lender with broad multifamily experience, AGM can help guide both affordable and market-rate developers through the process from initial concept to closing and beyond.
Contact AGM for financing that’s as reliable as it is rewarding. Call us at 800.729.4266 or submit the form below. We respond within one business day because your development project can’t wait—and neither should you.
AGM Financial Services, Inc. is excited to announce the successful closure of a $47,233,300 mortgage for the new construction of “The Depot at North Salem.” This
The 2024 election is over, and whatever you think of the outcome, things feel pretty uncertain just at the moment. We have all been holding
AGM Financial Services, Inc. is proud to announce the successful closing of a $44,278,400 construction-permanent loan for the development of West Catawba Apartments located in
20 South Charles Street
Suite 1000
Baltimore, MD 21201
Phone: 410.727.2111
Toll-Free: 800.729.4266
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