Financing for Nonprofit Developers

AGM Offers FHA-Insured Loans for Nonprofit Success

For mission-driven organizations, building affordable housing takes grit, vision, and strategic expertise.

AGM Financial Services arranges federally insured mortgages for apartment projects under FHA’s MAP (Multifamily Accelerated Processing) program. We know tax credits, tax-exempt bonds (both short term and long) and the many layers of subsidies that are critical to making your affordable project work. That’s why we focus on providing tailored FHA-insured loans for affordable housing that “fit” your capital stack and propel your affordable housing projects to closing.

Here's how AGM helps you achieve your nonprofit’s development goals:

Practical experience
At AGM, forty percent of our business is financing affordable projects. We work with borrowers and state agencies to coordinate commitments, process and closing.

Priority processing and lower fees
Affordable housing isn’t just your mission, it’s HUD’s mission as well. That means you get “front of the line” processing and lower MIPs for your affordable project.

Competitive Rates & Terms
Secure the best financing possible with our FHA-insured competitive interest rates and loan terms widely known and accepted by not-for-profit developers, and all major syndicators and LIHTC investors.

Streamlined & Efficient
Our knowledge of tax credits, tax-exempt bonds and state agencies means a smoother and more efficient financing process, with clear communication and timely advice to keep your project on track.

Mission-Aligned Partnership
We’re not just lenders, we’re your allies in your fight for affordable housing. We share your values and are committed to supporting your vision of creating vibrant communities where everyone thrives.

FHA mortgage insurance mitigates risks, helps get deals to pencil, and open doors to generational opportunities for nonprofit developers in the multifamily housing market.

When you need certainty of execution, count on AGM to see the deal through.

Affordable housing development is a story of moving parts – approvals, politics, costs and allocations. And it is highly competitive. Amidst all the juggling that is affordable housing development, you need some things that you can just count on. That’s why, at AGM, experience, transparency and proactive communication are how we built our business.

From the outset, we provide clear timelines and track project milestones. Regular updates keep you informed, and our open communication channels ensure your questions and concerns are always addressed quickly. We anticipate potential roadblocks and keep you apprised early on, working together to minimize disruptions.

Fixed interest rates, defined loan terms, and predictable approval processes further reduce uncertainty, letting you focus on building communities. Pre-qualification assessments, thorough due diligence and closing meant that you can be sure to close on time.

Our seasoned team of originators and underwriters offer ongoing guidance and consultation, helping you navigate the challenges that arise (and they will).
With AGM, you’re not getting a project loan, you’re gaining a trusted partner dedicated to seeing your vision through, every step of the way.

Trust AGM’s Track Record of Success

Over the past ten years, Baltimore-based AGM Financial Services has financed nearly 2,700 affordable rental units in twenty-two projects with our developer clients and Maryland’s Community Development Administration (CDA), the state’s housing finance agency. These projects, serving low-income families and the elderly, provide critically needed affordable housing in Maryland.

AGM’s $230 million in long-term FHA-insured financing has leveraged an additional $400 million in LIHTC equity and CDA subordinate debt in projects across the state. The projects – roughly split between substantial rehabilitation of existing properties and the new construction – have been developed by a range of local and national for-profit and not-for-profit developers.

“Affordable housing has always been very important to us at AGM” according to Myles Perkins, AGM’s president. “We finance affordable housing all over the country, but we are particularly pleased to be a part of the solution here at home in Maryland.”

“Outside of pure technical ability, AGM has “stick-to-it-tiveness,” thinking outside of the box, and a willingness to be an advocate for their client. That says a lot about the company, its business acumen, and its culture.”

Anthony Waddell

Principal, New Urban Equities

FHA & AGM: A Great Fit for Affordable

With over 30 years of experience, AGM has closed over $10 billion in FHA-insured multifamily project loans nationwide. Nonprofit organizations can count on AGM for certainty of execution every single time.

From new construction to substantial rehabilitation, we can get your affordable housing deal done.