AGM recently closed a portfolio of 11 properties located across North Carolina and South Carolina. The properties range in size from 63 and 156 units and are largely garden-style walk-up apartments with Section 8 contracts. Using HUD’s Section 223(f) refinance program, AGM obtained HUD-insured mortgages for each property with total proceeds exceeding $30,000,000 for the portfolio. Each mortgage is non-recourse and fully amortizing at a fixed interest rate.

2911 Rhode Island Avenue in Washington DC
AGM Financial Services, Inc. is proud to announce the successful closing of a $14,450,500 Section 221(d)(4) mortgage for this 100 unit new construction project. The