The Deal is Done: Haven Apartment Homes of Virginia Beach, VA

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AGM Financial Services, Inc. is proud to announce the successful closing of a $28,937,200 mortgage for the refinance of the Haven Apartment Homes community located in Virginia Beach, Virginia. The HUD-insured Section 223(a)(7) refinance reduced the fixed interest rate while extending the term of the mortgage back to the original term of 35 years. Haven Apartment Homes was originally built in 1972, renovated between 2015-2017, and consists of 244 market rate units.

We want to thank everyone who made this closing a success:

Borrower: SLN Bancroft LLC

Sponsor/Property Management: S.L. Nusbaum Realty Company

Borrower’s Counsel: Wilcox & Savage, P.C.

Mortgage Insurance Provider:

  • Regional & Satellite Center: New York HUD

  • Closing Office: Baltimore HUD

Mortgage Backed Securities: GNMA

Lender’s Counsel: Reno & Cavanaugh PLLC

Title Company: BridgeTrust Title Group

Capital Needs Assessment & E-Tool: Dominion Due Diligence Group

Energy Consultant: EBI Consulting

To see how AGM can make your deal work for you, contact AGM’s Origination Team.