Hunter’s Glen Apartments is an existing 100-unit multifamily community located in Clemson, South Carolina. Located on 11.19 acres of land, the project consists of 10 garden apartment buildings and a community building/leasing office. The community has one-bedroom, two-bedroom, and three-bedroom units. Twenty of the property’s units are covered under a Section 8 HAP contract and are restricted to lower income families. Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $5,440,000 with a 35-year term at a fixed interest rate.
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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