Basilica Place is an existing 200 unit senior community in Baltimore, Maryland. Utilizing HUD’s 223f Tax Credit PILOT refinance program, AGM arranged a $10,900,000 HUD insured mortgage with a fixed interest rate and 35 year term. Maryland DHCD issued tax exempt bonds in the amount of $11,900,000. Equity of approximately $5,525,000 was provided through the sale of 4% low income housing tax credits. Project sources allowed for approximately $27,000 per unit in upgrades and repairs.
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
