Mission Place is a 262-unit market rate family apartment community to be built in Jessup, Maryland. Using HUD’s Section 221d4 New Construction program, AGM obtained a HUD-insured mortgage of $45,431,100 with a 40-year term. The loan will be funded pursuant to HUD’s program for insured advances. The project includes 101 one-bedrooms, and 161 two-bedrooms with first level retail space and 108 garage parking spaces.
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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