Francis Scott Key Apartments is a 46-unit apartment building located in Frederick, Maryland. The property is an adaptive reuse of a historic hotel which used HUD’s Section 221(d)(4) substantial rehabilitation program in 2001. Using HUD’s Section 223(a)(7) program for currently insured properties, AGM obtained a new insured mortgage of $5,121,200. The new mortgage, with a lower interest rate, paid off the existing first mortgage resulting in substantial annual savings.

2911 Rhode Island Avenue in Washington DC
AGM Financial Services, Inc. is proud to announce the successful closing of a $14,450,500 Section 221(d)(4) mortgage for this 100 unit new construction project. The