The Deal is Done: Longfellow Arms Apartments of Washington D.C.

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AGM Financial Services, Inc. is proud to announce the closing of an FHA-insured $2,734,300 mortgage under the 223(f) refinance program of Longfellow Arms Apartments in Washington D.C. Originally built in 1960 and renovated in 2009, this broadly affordable community features 30 units in one three-story building. All of the apartments are restricted to households whose incomes are at or below 60% of area median income.

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

Borrower: Longfellow Arms NWDC Limited Partnership

Sponsor/Co-Sponsors: The C.A. Harrison Companies, LLC & Orchard Development Corporation

Consultant: New Urban Equity, LLC

Property Management: Armiger Management Corporation

Borrower’s Counsel: Tiber Hudson LLC

Mortgage Insurance Provider:

  • Regional & Satellite Office: New York HUD

  • Closing Office: Baltimore HUD

Mortgage Backed Securities: GNMA

Lender’s Counsel: Reno & Cavanaugh PLLC

Title Company: Premium Title & Escrow, LLC

Appraiser: Principle Valuation & Advisory Group

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

Environmental Studies & HEROS: Dominion Due Diligence Group and Bureau Veritas

Surveyor: VIKA Capitol, LLC

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 $9 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.