Overlook at Avalon is a 114-unit affordable multi-family apartment community located in Frederick, Maryland. Built in 2017 with a HUD-insured mortgage, these rental townhomes include a one-car garage. All of the community’s units have income restrictions for households earning a maximum of 50%-60% of area median income (AMI). AGM achieved significant savings in annual debt service by obtaining a new HUD insured mortgage of $19,002,700 under the 223(a)(7) refinance program, reducing the fixed interest rate and mortgage insurance premium while extending the term of the mortgage to 40 years.
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
