Financing for Private Multifamily Developers

Build with Confidence

AGM Offers Certainty with FHA-Backed Multifamily Loans

When it comes to certainty, multifamily developers can count on only a few things. Deals will be harder than they should be and will take longer than you would like.

The last few years, however, have been especially tough. Costs rose and essential equipment became scarce (think transformers and switchgear). Interest rates went up and lenders tightened their underwriting, making it even harder. Deals got hard to pencil.

Through it all, FHA financing remained consistent.

FHA’s 1.176 DSCR and 85% LTC underwriting for new construction open up financing and give you better leverage and more loan proceeds, and that hasn’t changed. FHA underwriting has remained constant, through economic cycles and in every market. That’s certainty you can count on.

FHA offers market-rate developers:

More favorable loan terms
Lower equity requirements, lower fixed rates, and longer repayment periods (up to a 40 years) – ideal for developers interested in holding properties over the long term.

Fully nonrecourse
Offering some of the lowest fixed rates available, FHA-insured loans guarantee consistent payments and interest rate risk.

Lower fixed rates
FHA mortgage insurance reduces risk for the lender, too, reflected in lower rates and longer amortization and term on your multifamily loan.

Going green earns you more
Design to any of a number of National Green Building Standards for the lowest FHA MIP.

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

Flexibility Within the Framework

AGM Tailors FHA Solutions to Your Project Needs

There are always trade-offs in life.

You may have considered FHA-insured loans before but hesitated to use a government-backed program, with rules and paperwork. FHA loans do come with a process. There are definitely boxes to check, and it can take longer than conventional financing, but the results – a long-term, fixed-rate, non-recourse loan with far less equity than a conventional loan and a chance to build generational wealth – are more than worth checking those boxes.

At AGM Financial Services, we work exclusively
on FHA-insured loans

As a privately-held FHA lender for over 30 years, we know the rules, the people,and the process that get deals done. We know the ins and outs of FHA, inside and out, and we manage the process for you.

Our founder and CEO, Margaret Allen, has more than 40 years of experience processing FHA-insured multifamily loans.

Myles Perkins, AGM’s president, tracks your deal – and the capital markets – every day.

Frank Grosch, Senior Vice President at AGM, has over 36 years of experience in multifamily finance, development, and operations, market rate and affordable.

Troy Brown, our Chief Underwriter, has nearly 30 years of multifamily experience and is widely respected in the industry.

Our servicing team is composed of FHA experts, second to none.

Our team has long-tenured expertise in origination, underwriting, and servicing, giving you confidence and peace of mind, from concept to closing.

“I’ve worked with the people at AGM for more than thirty-five years. We’ve closed more than $275 million in FHA-insured transactions together. Some of those were tough deals. AGM has always been there for us, and I’ve always trusted them to get our deals done.”

Salvador F. Leccese

President, LeCesse Development Corporation

Contact Our Origination Team for a Free Consultation

Margaret Allen
CEO & Owner

Myles Perkins
President & Owner

Frank Grosch
Senior Vice President

Stephen L. Rudow
Senior Vice President

AGM’s FHA Loan Services for Private Developers

At AGM, we never lose sight of the most important part of the deal — you.

You can count on us for:

Initial loan sizing and eligibility
Loan application prep
Processing the loan with FHA
Closing and initial funding
Construction loan administration and draws
Post-closing support and servicing

AGM works with numerous state and local housing agencies to coordinate secondary debt and the Low-Income Housing Tax Credit (LIHTC) process with you.

Build and Protect Your Legacy with AGM

As a multifamily developer, you take calculated risks. You analyze the market, size up the deal, weigh the odds, and take a considered leap of faith. Experience tells you that sometimes the best deals are just outside your comfort zone.

If you haven’t considered an FHA-insured loan, this might be the year to explore your options.
Family-owned with more than 30 years of experience, AGM has closed over $10 billion in FHA-insured multifamily project loans nationwide. You can count on AGM. No gatekeepers, no layers, no committees. Just straight talk, honest advice and consistent service. From new construction to substantial rehabilitation to acquisition and refinance — for both market-rate and affordable projects — we can get your deal done.

To learn more about AGM, call 800.729.4266 or fill out the form below.