The Deal is Done: Jefferson House Senior Apartments

/

AGM Financial Services, Inc. is proud to announce the closing of an FHA-Insured $4,800,000 mortgage for Jefferson House Senior Apartments. Located in Lynchburg, Virginia, this community features 101 units in an elevator-served six-story building. Amenities include a laundry facility, meeting room, exterior patio area, and a new fitness center. This community was financed under the 223(f) refinance program and is broadly affordable, with all units restricted to households whose incomes are at or below 60% of the area median income (AMI).

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

Borrower: Jefferson House LLC

Sponsor/Co-Sponsors: JE Properties LLC / DuPont Residences LLC

Property Management: Westminster Company

Borrower’s Counsel: Jones Johnston & White, P.C.

Surveyor: Hurt & Proffitt

Mortgage Insurance Provider:

  • Regional Center: Baltimore HUD

  • Satellite Office: Boston HUD

  • Closing Office: New York HUD

Mortgage Backed Securities: GNMA

Lender’s Counsel: Krooth & Altman LLP

Title Company: Terra Nova Title & Settlement Services

Appraiser: Peter S. Eckert & Company, Inc.

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

Environmental Studies & HEROS: Dominion Due Diligence Group

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.