La Maison Acadienne

La Maison Acadienne

La Maison Acadienne is a 3-story, 62-unit seniors apartment complex in Madawaska, Maine. Using HUD’s 223(f) Refinance Program for Section 202 Direct Loans, AGM obtained a $3,456,600 HUD-insured mortgage with a 35-year term, through the Manchester HUD office. The project includes upgrades costing $889,745 or $14,350 per unit for new windows, new carpeting, new kitchen appliances, and roof repairs. The property has 59 one-bedroom and 3 two-bedroom units.