The Meadows

The Meadows is an existing 102-unit market rate multifamily community located in Cambridge, Maryland.  Located on 10.20 acres of land, the project consists of three separate three-story walk-up buildings, two three-story elevator serviced buildings, a community clubhouse building, and ample surface parking.  Onsite amenities include clubroom/resident lounge with a kitchen, a business center, a fitness center, and an outdoor pool.  Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $12,315,900 with a 35-year term at a fixed interest rate.