Highland Ridge is a 197-unit apartment building located in Capitol Heights, Maryland. The property was originally financed pursuant to HUD’s Section 221(d)(4) substantial rehabilitation program. Using HUD’s Section 223(a)(7) program for currently insured properties, AGM obtained a new insured mortgage of $11,627,000. The new mortgage refinanced the old debt and lowered the interest rate 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
