Captiva Club is a 136-unit apartment complex constructed in 2003 consisting of fifteen two-story apartment buildings, five single-story apartment buildings, and a single story clubhouse. The property is located in Miami, Florida. AGM obtained a $7,900,000 HUD-insured mortgage under the 223(f) program.
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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