Woodbridge Commons is a 132 unit affordable elderly property built in 2005 located in Edgewood, Maryland. Woodbridge Commons was originally financed pursuant to HUD’s Section 221(d)(4) new construction program. Using HUD’s Section 223(a)(7) program for existing HUD-insured properties, AGM obtained a new mortgage of $6,582,600 with a 40-year term. The new mortgage refinanced the old debt and lowered the interest rate.
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.
