Towne Place at Greenbrier is a 215-unit upscale apartment community to be built in the City of Chesapeake, Virginia. Using HUD’s Section 221d4 New Construction program for insurance advances, AGM obtained an insured mortgage of $24,962,600 at 4.52% interest with a 40-year term. The project includes 96 one-bedroom, 96 two-bedroom and 23 three-bedroom units.
Blog Articles
There are Encouraging Signs, But No Clear Direction…Yet
Long-term rates have been rising since their recent lows in September. The bond market is reacting to uncertainty – uncertainty about inflation, jobs, tariffs, tax
