BellaNova at JubiLee Park

BellaNova at JubiLee Park is an existing 312-unit market rate multi-family apartment community located in Orlando, Florida.  The property was originally built in 2019 utilizing a HUD-insured 221(d)(4) mortgage.  The community consists of 26 two-story apartment buildings, five detached garages, and a centrally located clubhouse building.  The community’s amenity package includes a pool and sundeck area with outdoor kitchen, a large fitness area with indoor basketball court, and a playground area with green space.  AGM obtained a HUD insured mortgage of $52,502,500 under the 223(a)(7) refinance program.  The refinance of the existing mortgage reduced the fixed interest rate while extending the term of the mortgage back to 40 years.