Arden Place

Arden Place

Arden Place is a 212-unit market rate family apartment community to be built in Charlottesville, Virginia. The community offers three and four story walk-up buildings with a pool and clubhouse. Using HUD’s Section 221(d)(4) New Construction program for insured advances; AGM obtained a HUD-insured mortgage of $23,247,900 with a 40-year term. The project includes 76 one-bedroom, 112 two-bedroom and 10 three-bedroom units.