Keys Lake Villas is a collection of new 2-story apartment buildings totaling 110-units to be built in Key Largo, Florida. The property will provide workforce housing with rents affordable to families earning 80% to 120% of median income in the area. Using HUD’s Section 221(d)(4) New Construction program for insured advances, AGM obtained a mortgage of $21,678,800 with a 40-year term. The project includes 78 two-bedroom and 32 three-bedroom units.
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
For the fourth consecutive year, AGM Financial Services (AGM) donated a total of $100,000 to four Baltimore nonprofit organizations. Recipients will receive a $25,000 unrestricted grant that
In November, we told you about two proposed changes to FHA underwriting meant to increase multifamily production. Now it’s official. Late yesterday, HUD announced changes
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