Villa Grande on Saxon is an existing 120-unit market rate independent living senior apartment community located in Orange City, Florida. Originally built in 2009, the project consists of one four-story elevator-serviced building with a clubhouse and swimming pool. Utilizing HUD’s Section 223(f) refinance program, AGM obtained a HUD-insured mortgage of $17,800,000 with a 35-year term at a fixed interest rate.
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February Pulse Check: Despite the Headlines, with FHA You Can Fix Your Rate & Forget It
The change in Administration brought with it a flood of news about agency closings, furloughs, buyouts, and the like. It’s been tough to keep up.
