Flats170 at Academy Yard is a 369-unit existing market rate multi-family apartment community located in Odenton, MD. The property was originally financed by AGM under the Section 221(d)(4) New Construction program in 2012. AGM obtained a HUD insured mortgage of $70,948,500 under the 223(a)(7) refinance program. The refinance reduced the fixed interest rate while extending the term of the mortgage back to the original term of 40 years.
![Rendering of 2911 Rhode Island Avenue in Washington DC](https://www.agmfinancial.com/wp-content/uploads/2025/01/2911_Rhode_Island-300x169.jpeg)
2911 Rhode Island Avenue in Washington DC
AGM Financial Services, Inc. is proud to announce the successful closing of a $14,450,500 Section 221(d)(4) mortgage for this 100 unit new construction project. The