Merritt Station Apartments is a 72-unit new construction affordable multi-family community located in Dundalk, Maryland. The project consists of two, four-story elevator-serviced buildings situated on a 4.47 acre site. Using HUD’s Section 221(d)(4) New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $6,875,400 at a fixed interest rate with a 40-year term. Equity of approximately $15,373,463 was provided through the sale of 9% low income housing tax credits (LIHTC).

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