Woodbridge Commons is a 132 unit affordable elderly property built in 2005 located in Edgewood, Maryland. Woodbridge Commons was originally financed pursuant to HUD’s Section 221(d)(4) new construction program. Using HUD’s Section 223(a)(7) program for existing HUD-insured properties, AGM obtained a new mortgage of $6,582,600 with a 40-year term. The new mortgage refinanced the old debt and lowered the interest rate.
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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
