Paragon Mortgage Corporation arranges a new home loan of 17.1 million HUD 221 (d) (4) for apartment building in Roswell, New Mexico


The developer, Emery Chukly President of ESH Development, LLC, commented, “I’ve worked with Paragon Mortgage for nearly 30 years. They have been great to work with – not just for their honesty and integrity – but also for their ability to get things done. They have each other too develops a great collaboration with HUD. “

Property details / information

Spring River II Apartments is the only market town with upscale amenities, including granite / quartz counters, energy-efficient appliances, and modern designer fixtures. The green and energy-efficient community with 112 units includes spacious 1-, 2- and 3-room apartments. Amenities include 9 ‘ceilings, full size washers and dryers, covered parking, and 10 free-standing rental garage spaces. Communal facilities include a 24-hour fitness center, clubhouse, pool and spa, business center, dog park, playground, and outdoor recreation area.

About Paragon
Paragon Mortgage Corporation is an FHA, HUD MAP, and LEAN approved mortgage lender that has focused exclusively on HUD-insured financing for over 33 years. Headquarters in Phoenix, Arizona, Paragon Mortgage is known for its highly experienced staff who have decades of experience in issuing, underwriting and processing HUD / FHA loans. That experience, combined with Paragon’s longstanding reputation in the industry and relationships within the developer community, has resulted in over $ 3 billion for FHA-insured loans. Paragon Mortgage specializes in FHA insurance loans for a variety of project types – multi-family refinancing, acquisition, new build, extensive rehabilitation, and senior housing and healthcare.

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SOURCE Paragon Mortgage Corporation

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