Ellsworth is a 4 story 222-unit Class A apartment community to be built in downtown Silver Spring, Maryland. Using HUD’s Section 221d4 program for new construction, AGM obtained an insured mortgage of $50,973,600 with a 40-year term. The project includes 24 efficiencies, 128 one-bedrooms, and 70 two-bedrooms.
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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
