Oak Crest at Battlefield is a 164-unit market rate family apartment community to be built in Chesapeake, Virginia. Using HUD’s Section 221d4 New Construction program for insured advances, AGM obtained a HUD-insured mortgage of $24,115,100 with a 40-year term. The project includes 32 one-bedrooms, and 124 two-bedrooms, and 8 three-bedrooms. This 4-story property includes 4 elevators and extensive common amenities.
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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