The Reserve at Stoney Creek II

Reserve at Stoney Creek II is a 76 unit class A market rate community in Pasadena, Maryland. Using HUD’s Section 221d4 New Construction Program for insurance advances, AGM obtained a HUD insured mortgage of $14,174,200 with a fixed interest rate and a 40 year term. This property is the second phase of the Reserve at Stoney Creek which is also a HUD insured market rate community financed by AGM. Phase II will consist of three, four-story elevator served buildings. The community will contain 52 first level individual parking garages with automatic overhead doors built into the structures.  A free standing 3,575 SF clubhouse which serves both phases, includes amenities such as a fitness center, community room with a fireplace and kitchenette, business center, locker rooms, and management/leasing offices.  Adjacent to the clubhouse is an outdoor pool.