AGM Financial Services, Inc. is proud to announce the closing of an FHA-Insured $37,761,700 mortgage for River Ridge of Canton Apartments located in the Atlanta suburb of Canton, Georgia.
This community features 356 units in 12 three-story buildings. A wide array of amenities includes gated entry, a clubhouse/leasing center with kitchen, laundry and fitness center, a swimming pool, two playgrounds, five BBQ/picnic areas with pavilions, a car care center, dog park and walking trails. The property also offers detached garages and storage units. This community was financed under the 223(f) refinance program and is broadly affordable, with nearly 80% of the units restricted to households whose incomes are at or below 60% of the area median income (AMI).
We want to thank everyone who made this closing a success:
- Borrower: River Ridge of Canton, L.P.
- Property Management: S&E Holdings, LLC
- Borrower’s Counsel: Carney Kelehan, LLP
- Surveyor: Technical Survey Services, Inc.
- Mortgage Insurance Provider: Atlanta HUD
- Mortgage Backed Securities: GNMA
- Lender’s Counsel: Tiber Hudson LLC
- Title Company: Chicago Title Insurance Company
- Appraiser: Everson, Huber & Associates, LC
- C.N.A.: Dominion Due Diligence
- Environmental Studies & Review: Dominion Due Diligence
To see how AGM can make your deal work for you, contact AGM’s Origination Team.
About AGM Financial
Founded in 1990, AGM is a leading FHA lender and GNMA seller/servicer. From new construction and substantial rehab to acquisition or refinance — for both market-rate and affordable projects — AGM gets the deal done. Family-owned with over 30 years of experience, the firm has closed over $9 billion in FHA-insured multifamily project loans nationwide. We underwrite, fund, and service all of our loans. Developers and owners can count on AGM to be accessible, transparent, consistent, and ready to lend. From new construction to substantial rehabilitation to acquisition and refinance — for both market-rate and affordable projects — we can get the deal done. To learn more about AGM, call 800.729.4266 or visit agmfinancial.com.