AGM Financial Services, Inc. is proud to announce the closing of an FHA-insured $2,734,300 mortgage under the 223(f) refinance program of Longfellow Arms Apartments in Washington D.C. Originally built in 1960 and renovated in 2009, this broadly affordable community features 30 units in one three-story building. All of the apartments are restricted to households whose incomes are at or below 60% of area median income.
We want to thank everyone who made this closing a success:
Borrower: Longfellow Arms NWDC Limited Partnership
Sponsor/Co-Sponsors: The C.A. Harrison Companies, LLC & Orchard Development Corporation
Consultant: New Urban Equity, LLC
Property Management: Armiger Management Corporation
Borrower’s Counsel: Tiber Hudson LLC
Mortgage Insurance Provider:
- Regional & Satellite Office: New York HUD
- Closing Office: Baltimore HUD
Mortgage Backed Securities: GNMA
Lender’s Counsel: Reno & Cavanaugh PLLC
Title Company: Premium Title & Escrow, LLC
Appraiser: Principle Valuation & Advisory Group
Capital Needs Assessment, E-Tool: Dominion Due Diligence Group
Environmental Studies & HEROS: Dominion Due Diligence Group and Bureau Veritas
Surveyor: VIKA Capitol, LLC
To see how AGM can make your deal work for you, contact AGM’s Origination Team.
About AGM Financial
Founded in 1990, AGM is a leading FHA lender and GNMA seller/servicer. From new construction and substantial rehab to acquisition or refinance — for both market-rate and affordable projects — AGM gets the deal done. Family-owned with over 30 years of experience, the firm has closed over $9 billion in FHA-insured multifamily project loans nationwide. We underwrite, fund, and service all of our loans. Developers and owners can count on AGM to be accessible, transparent, consistent, and ready to lend. From new construction to substantial rehabilitation to acquisition and refinance — for both market-rate and affordable projects — we can get the deal done. To learn more about AGM, call 800.729.4266 or visit agmfinancial.com.
