The Deal is Done: Waldorf Technology Park of Waldorf, MD
/AGM Financial Services, Inc. is excited to announce the successful closure of a $68,968,700 mortgage for the new construction of Waldorf Technology Park. This remarkable project will provide 272 new market-rate units within 7 four-story elevator-served buildings in Waldorf, Maryland. The 40-year FHA insured loan was made using the Section 220 program providing long term fixed rate construction/permanent debt. The project will provide spacious, upscale apartment homes with stainless steel appliances, in-unit washer/dryer setup, balconies, and some covered garages.
We want to thank everyone who made this closing a success:
Borrower: WTP Associates, LLC
Sponsor: NewCastle Development Group
General Contractor: Chesapeake Contracting Group
Property Management: NewCastle Management Group
Borrower’s Counsel: Buchanan Ingersoll & Rooney
Architect: TS3 Architects, P.C.
Market Analyst: Real Property Research Group
Civil Engineer & Surveyor: Soltesz
Mortgage Insurance Provider:
Regional Center: New York HUD
Satellite & Closing Office: Baltimore HUD
Mortgage Backed Securities: GNMA
Lender’s Counsel: Tiber Hudson LLC
Title Company: Certified Title Corporation
Appraiser: Principle Real Estate Consultants
Capital Needs Assessment, E-Tool: AZ-RI Consultants
A&E/Cost Reviewer: JPS & Associates, Inc.
Environmental Studies & HEROS: AZ-RI Consultants
Green/Energy Consultant: Southern Energy Management
To see how AGM can make your deal work for you, contact AGM’s Origination Team.
About AGM Financial
Founded in 1990, AGM is a leading FHA lender and GNMA seller/servicer. From new construction and substantial rehab to acquisition or refinance — for both market-rate and affordable projects — AGM gets the deal done. Family-owned with over 30 years of experience, the firm has closed over $10 billion in FHA-insured multifamily project loans nationwide. We underwrite, fund, and service all of our loans. Developers and owners can count on AGM to be accessible, transparent, consistent, and ready to lend. From new construction to substantial rehabilitation to acquisition and refinance — for both market-rate and affordable projects — we can get the deal done. To learn more about AGM, call 800.729.4266 or visit agmfinancial.com.