Belmont Crossing is a 275 unit apartment complex comprised of 25 three-story building located in Washington D.C. The property was originally financed pursuant to HUD’s Section 221(d)(4) substantial rehabilitation program. Using HUD’s Section 223(a)(7) program for currently insured properties, AGM obtained a new insured mortgage of $11,910,300. The new mortgage refinanced the old debt and lowered the interest rate resulting in substantial annual debt service savings.
The Depot at North Salem of Apex, NC
AGM Financial Services, Inc. is excited to announce the successful closure of a $47,233,300 mortgage for the new construction of “The Depot at North Salem.” This
