Snowden Creek

Snowden Creek is a 109-unit new construction market rate senior community located in Sykesville, Maryland.  The residency will be restricted to tenants aged 62 years or older.  The property is located on 15.64 acres of land and will consist of a three-story elevator-served building with approximately 5,300 square feet of amenity space and surface parking.  Utilizing HUD’s Section 231 New Construction program for insurance advances, AGM obtained a HUD insured mortgage of $21,350,400 at a fixed interest rate with a 40-year term.