AGM Financial Services, Inc.

#NEWS AGM Financial Services Closes $14.45M FHA-Insured Loan for Affordable Housing Development in Washington, DC. Learn more: https://lnkd.in/gxyaAiib #FHAloans #NewConstruction #AGMFinancial #CitybizNews Margaret Allen Myles Perkins Frank Grosch Matt Daddio Brian LaChapelle Stephen Rudow Austin King Donald Moran Randall Forguson Brent Frank AGM Financial Services, Inc.

WHY IS FHA THE BESY WAY? 1.15 DSCR In challenging economic conditions, most lenders tighten their DSCR requirements, making it even harder for developers to secure financing. FHA’s 1.15 DSCR opens up financing and give you more loan proceeds. AGM is a leading FHA lender and GNMA seller/servicer. Our team has closed over $100 billion in FHA-insured multifamily project loans nationwide. We’re lending the same way every day. Contact us to learn more. https://lnkd.in/eJgY49Wz #CommunityDevelopment #FHAloans #GNMA Margaret Allen  Myles Perkins Frank Grosch Matt Daddio Brian LaChapelle Stephen Rudow Austin King Donald Moran Randall Forguson Brent Frank AGM Financial Services, Inc.

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 sponsor, Lincoln Westmoreland Housing (LWH), is a non-profit housing and social services provider. LWH utilized income-averaging for the purpose of maximizing Tax-exempt bond Financing to achieve affordable housing for the new development. Located in the Woodbridge neighborhood of Washington, DC, all of the apartments at 2911 Rhode Island Avenue will be income restricted to AMI levels between 30% and 80%. The building will be a single, six-story elevator served development with 34 lower-level parking spots as well as on-street parking. The extensive amenities provided will include a residential lobby, management office, package storage room, mail room, fitness room, business center and a fully enclosed open-air courtyard for residents.  Learn more: https://lnkd.in/gQMNixB3 #NewConstruction #FHAloans #DealisDone Margaret Allen Myles Perkins Frank Grosch Matt Daddio Brian LaChapelle Stephen Rudow Austin King Donald Moran Randall Forguson Brent Frank AGM Financial Services, Inc.

January Pulse Check: Long-term rates have been rising since their recent lows in September. The bond market is reacting to uncertainty – uncertainty about inflation, jobs, tariffs, tax cuts, and deficits. The latest news is mixed. We had a strong employment report for December, followed by more benign PPI and CPI data. ... Read more in the January Newsletter here: https://lnkd.in/eTKS-xEk #FHAloans #Refinance #AGMFinancial Margaret Allen Myles Perkins Frank Grosch Matt Daddio Brian LaChapelle Stephen Rudow Austin King Donald Moran Randall Forguson Brent Frank AGM Financial Services, Inc.

#News: In November, we told you about two proposed changes to FHA underwriting meant to increase multifamily production. Now it’s official. Late yesterday, HUD announced changes to debt service coverage and loan ratios for both multifamily new construction and acquisition and refinance, and, in a separate announcement, new incentives to build middle-income housing. Learn more here: https://lnkd.in/erA7NjXM #FHAloans #Refinance #NewConstruction #MultiFamily #AGMFinancial Margaret Allen Myles Perkins Frank Grosch Matt Daddio Brian LaChapelle Stephen Rudow Austin King Donald Moran Randall Forguson Brent Frank AGM Financial Services, Inc.

December Pulse Check: What a year it has been. Record deliveries, higher costs, higher interest rates, and ongoing challenges with insurance have all dampened multifamily new construction. Yet, at AGM, we are cautiously optimistic about the coming year. (Ok, we’re lenders, so we’re always cautiously optimistic.) Deliveries are easing, the rate of growth in the cost of everything from labor to materials to insurance is slowing, and interest rates have moderated from their post-election run-up. Read more in the December Newsletter here: https://lnkd.in/egQkTKYv #FHAloans #Refinance #AGMFinancial Margaret Allen Myles Perkins Frank Grosch Matt Daddio Brian LaChapelle Stephen Rudow Austin King Donald Moran Randall Forguson Brent Frank AGM Financial Services, Inc.

The 2024 election is over, and whatever you think of the outcome, things feel pretty uncertain just at the moment. We have all been holding out for lower interest rates and looking forward to much-anticipated rate cuts by the Fed. The Fed has cut twice, for a total of 75 bps, and is widely expected to cut again in December. Read full article here: https://lnkd.in/ePaawvks #FHAloans #AGMFinancial Margaret Allen Myles Perkins Frank Grosch Matt Daddio Brian LaChapelle Stephen Rudow Austin King Donald Moran Randall Forguson Brent Frank AGM Financial Services, Inc.

#NEWS AGM Financial Services Closes $47.2 Million FHA-Insured Loan For New Multifamily Development In Apex, North Carolina. Learn more: https://lnkd.in/gKmZJAFJ #FHAloans #NewConstruction #AGMFinancial #CitybizNews Margaret Allen Myles Perkins Frank Grosch Matt Daddio Brian LaChapelle Stephen Rudow Austin King Donald Moran Randall Forguson Brent Frank AGM Financial Services, Inc.

Myles Perkins, President and Owner of AGM Financial Services, Inc., was recently quoted in GlobeSt.com's "10-Year Yield Jumps on Election News" article: "The immediate reaction from the bond market to the Trump election was a sharp rise in Treasury yields because of the perception that Trump’s tax and trade policies will increase the debt and deficit while also stoking inflation through added tariffs on foreign goods imported to the U.S." Read full article here: https://lnkd.in/e3k_u9pU Margaret Allen Myles Perkins Frank Grosch Matt Daddio Brian LaChapelle Stephen Rudow Austin King Donald Moran Randall Forguson Brent Frank AGM Financial Services, Inc.

AGM Financial Services, Inc. is excited to announce the successful closure of a $47,233,300 mortgage for the new construction of “The Depot at North Salem.” This Multifamily development involves the new construction of 228 Class A apartments in Apex, North Carolina. The community will feature three, 4-story elevator-served apartment buildings and an integrated clubhouse/community space. The building’s design will be wood frame construction with manufactured stone veneer on the first level and then traditional Hardie board and Hardie shake siding on upper levels. The project will provide spacious, upscale apartment homes with stainless steel appliances, in-unit washer/dryer setups and ample parking. The 40-year FHA insured loan was made using the Section 221(d)(4) program, providing long term fixed rate construction/permanent debt.  Learn more: https://lnkd.in/eiFB6bfX #NewConstruction #FHAloans #DealisDone Margaret Allen Myles Perkins Frank Grosch Matt Daddio Brian LaChapelle Stephen Rudow Austin King Donald Moran Randall Forguson Brent Frank AGM Financial Services, Inc.