BellaNova at Jubilee Park is a 312-unit new construction market rate multifamily community located in Orlando, Florida. The project is located on a 28.1 acre parcel and will consist of 26, two-story apartment buildings, five detached garage buildings, and one clubhouse. The project also features a heated swimming pool with deck area, outdoor kitchen, playground, walking trail, four pocket parks, and a designated car care area. Utilizing HUD’s Section 221(d)(4) New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $52,908,700 at a fixed interest rate with a 40-year term.
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There are Encouraging Signs, But No Clear Direction…Yet
Long-term rates have been rising since their recent lows in September. The bond market is reacting to uncertainty – uncertainty about inflation, jobs, tariffs, tax
