Transformative Baltimore Project completed with HUD Support and first mortgage originated by AGM
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HUD recently announced the completed construction of Marshall Gardens in Baltimore, Maryland. This project was sponsored by The Community Builders, Inc., a leading non-profit affordable and mixed-income housing developer.
This affordable multifamily development was made possible through a HUD insured loan along with 9% LIHTC and several supplemental loans (details in HUD’s Press Release). The community contains 87 units located throughout three city blocks, including five fully rehabbed row houses plus the new construction of 27 rental apartments and 55 row homes.
Additional details in HUD’s Press Release here.
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.
