The Deal is Done: Uvalde Ranch Apartments of Houston, TX
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AGM Financial Services, Inc. is proud to announce the successful closing of a FHA-Insured $14,397,500 mortgage under the 223(f) refinance program of Uvalde Ranch in Houston, TX. Originally built in 2005, this affordable senior apartment community features 244 units in seven three-story garden style buildings and one four-story elevator served building. All of the apartments are restricted to households whose incomes are at or below 50% of area median income. Amenities include a clubhouse, game room, laundry facilities, pool area with tropical landscaping, and playground.
We want to thank everyone who made this closing a success:
Borrower: Uvalde Ranch, LTD.
Sponsor/Co-Sponsors: Hettig/Kahn Holdings, Inc.
Property Management: Hettig Management Corp.
Borrower’s Counsel: Coats Rose, P.C.
Surveyor: Tri-Tech Surveying Company, L.P.
Mortgage Insurance Provider: Fort Worth HUD
Mortgage Backed Securities: GNMA
Lender’s Counsel: Kennerly Montgomery & Finley, P.C.
Title Company: Platinum Title Partners, LLC
Appraiser: BBG, Inc.
Capital Needs Assessment, E-Tool: Dominion Due Diligence Group
Environmental Studies & HEROS: Phase Engineering, Inc.
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.
