The Deal is Done: Stone Pointe Apartments in Woodbridge, VA

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AGM Financial Services, Inc. is proud to announce the successful closing of a $59,500,000 mortgage for the refinance of Stone Pointe Apartments located in Woodbridge, VA. The HUD-insured Section 223(f) loan has a 35-year term at a fixed interest rate. Stone Pointe Apartments consists of 288 Class A apartments within four separate four- and five-story elevator-serviced apartment buildings, a clubhouse building, and an extensive amenity package including a swimming pool, club room, media room, fitness gym, and structured parking.

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

Borrower: Stone Pointe LLC

Sponsor: Penzance

Property Management: Gates, Hudson & Associates, Inc.

Borrower’s Counsel: Reno & Cavanaugh PLLC

Surveyor: Potomac Heights One, LLC & Potomac Heights Two, LLC

Mortgage Insurance Provider:   

  • Regional Center & Satellite Office: New York HUD

  • Closing Office: Baltimore HUD

Mortgage Backed Securities: GNMA

Lender’s Counsel: Krooth & Altman LLP

Title Company: Fidelity National Title Insurance Company

Appraisal: Metzbower, Watts, & Hulting, LC

Green Energy Consultant: EBI Consulting

Environmental, Capital Needs Assessment & E-Tool: EBI Consulting

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.