Stone Pointe Apartments

Stone Pointe Apartments is an existing 288-unit Class A multifamily community located in Woodbridge, Virginia.  Located on 8.96 acres of land, the project consists of four separate four- and five-story elevator-serviced apartment buildings, and a clubhouse building.  The community has an extensive amenity package including a swimming pool with sundeck, club room, media room, fitness gym, structured parking, grilling stations, and package receiving services.  Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $59,500,000 with a 35-year term at a fixed interest rate.