The Vinings at Christiana is an existing 220-unit mixed-income multifamily apartment community located in Newark, Delaware. The project is located on 15.38 acres of land and consists of ten, two and three-story garden apartment buildings and a separate clubhouse building which includes a fitness center and community room. The units at The Vinings at Christiana consist of market rate rentals as well as units restricted to tenants earning at or below 60% of area median income (AMI). Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $14,000,000 with a 35-year term at a fixed interest rate.
Blog Articles
When the ball stops rolling…
The way to catch a knuckleball is to wait until it stops rolling and then pick it up. – Bob Uecker In baseball, the knuckleball
