Promenade Point is a 183-unit family apartment community to be built in Norfolk, Virginia. Using HUD’s Section 221d4 New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $25,228,700 with a fixed interest rate over a 40-year term.
Blog Articles
February Pulse Check: Despite the Headlines, with FHA You Can Fix Your Rate & Forget It
The change in Administration brought with it a flood of news about agency closings, furloughs, buyouts, and the like. It’s been tough to keep up.
