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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When the ball stops rolling…
The way to catch a knuckleball is to wait until it stops rolling and then pick it up. – Bob Uecker In baseball, the knuckleball
