Robert Sharp Towers II is a 109 unit seven story masonry apartment building serving senior affordable residents since its construction in 1981. The property is located in Miami Gardens; a suburban Miami city located in north-central Miami-Dade County, Florida. The subject property is the second phase of a two-part development; originally financed using the Section 221(d)(4) program. AGM obtained a HUD-insured mortgage of $8,100,500 with a 40-year-term.
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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
