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THE DEPOT AT NORTH SALEM (fka APEX N SALEM)

FHA New Construction & Substantial Rehab

Endorsed October 9, 2024

FHA #05336432

Deal Details

Location
Apex, North Carolina
Mortgage Amount
$47.2M
Units
228
Program
New Construction & Substantial Rehab
Lender
AGM FINANCIAL SERVICES
Fiscal Year
FY2025

Current Loan Status

Active
Outstanding Balance
$47.2M
Interest Rate
5.70%
Maturity
February 2067(41 years remaining)
Original Term
40 years
Holder
AGM FINANCIAL SERVICES
Servicer
AGM FINANCIAL SERVICES

Source: HUD BF90 Active Insured Mortgages · Data as of February 2026

Data Sources

Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database

Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026

hud.gov multifamily data

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