Rhode Island Row is a 274 unit existing multi-family apartment community located in Washington, DC. The property was originally financed by AGM under the section 220 New Construction program in 2010. AGM obtained a HUD insured mortgage of $82,398,400 under the 223a7 refinance program. The refinance of the existing mortgage reduced the fixed interest rate while extending the term of the mortgage back to the original term of 40 years.
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FHA Proposals on New MIP Premiums and Eliminating Green MIP
Late yesterday, HUD announced important proposed changes in mortgage insurance premiums (MIP) for FHA-insured multifamily loans. In a notice to be published in the Federal
