Selborne House is a 126-unit existing elderly apartment building built in 1998, located in Laurel, Maryland. Selborne House was originally financed pursuant to Section 231. It was refinanced pursuant to Section 223a7. AGM obtained a HUD-insured mortgage of $7,193,000 with a 40-year term.
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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
