The Armstrong Mortgage Company

SERVING THE REAL ESTATE INDUSTRY OVER 40 YEARS

Testimonials

"Armstrong Mortgage maintains a working expertise of the standards of the industry, and adds the personal dedication that simplifies what can be a tedious process elsewhere.“

Christine S. Collins

Director of Development

Fairfield Homes, Inc.

"Armstrong Mortgage has not only provided me with top notch service over the years, but they have also treated me like family. The staff is very knowledgeable and professional, but they will also treat you as a friend. Our most recent refinance literally would not have happened if it were not for the staff at Armstrong Mortgage and their willingness to go above and beyond."

Wexford Inc.

Walter T. Krumm III - Principal

Welcome

ARMSTRONG MORTGAGE COMPANY is a full service Mortgage Banking firm, founded in 1971. Armstrong provides mortgage services for its clients, such as Multifamily Owners and Developers, Commercial Property Owners and Developers as well as Healthcare Developers and Owners. A major business emphasis is on the construction and permanent financing of new Apartment and Healthcare facilities such as Assisted Living and Nursing Home projects. In addition, we provide financing of existing Apartment and Commercial properties, including Industrial/Warehouse, Office and Retail.

FHA LENDING PROGRAM

As the mortgage insurance provider of HUD, FHA will insure mortgages to finance the acquisition, new construction, substantial rehabilitation and refinance of multifamily and healthcare properties nationwide.

GSE LENDING PROGRAM

A core component of GSE Lending's mission is to support the U.S. multifamily housing market to help serve the nation’s rental housing needs, focusing on low- to middle-income households and communities.

COMMERCIAL LENDING PROGRAMS

Armstrong Mortgage Company clients can rely on a broad selection of commercial real estate financial services. In addition to being an approved lender for HUD-FHA Multifamily Health Care and Senior Retirement Housing...

The Armstrong Mortgage Company

1225 Dublin Road
Columbus, OH 43215

Phone: (614) 481-8383
Fax: (614) 481-8833
[email protected]

Greystar Sells Class A Community in CT

Lowe Enterprises Investors bought the 374-unit luxury community located in the heart of Danbury, Conn. Greystar will continue to manage the property.
Madison Residential Sells Seattle-Area Property

Berkadia has brokered the sale of the 105-unit apartment community located in Federal Way, Wash. The company represented the seller in the deal.
Mill Creek Starts Work on Denver Apartments

Modera West Wash Park, a 241-unit community in the Washington Park neighborhood, will include a dog wash, bike storage and reserved parking.
Today’s Multifamily: A Game for Sharpshooters

Yardi Matrix Vice President Jeff Adler, joined by host Jack Kern, director of institutional research, presented in a Multifamily Market Update webinar how the commercial real estate industry is performing, what can be expected over the next couple of years and why.
Odin Properties Trades Philadelphia-Area Community for $32M

The company picked up the asset for less than half the price back in 2014 and carried out extensive renovation and repositioning work.
Emma Capital Lands $64M Indianapolis Portfolio Deal

The three properties total 849 units and represent the first purchase the company completed in this market. Renovation work will begin once the final transaction closes.

MBS RECAP: Nothing to be Mad About, But...

Posted To: MBS CommentaryBonds rallied today for the first time all week, and fairly well at that! 10yr yields fell more than 5bps and Fannie 3.5 MBS rose nearly 3/8ths of a point. Not much to be mad about there, right? Indeed, there's nothing to be mad about , but there are all sorts of reasons to remain cautious. The...
MBS Day Ahead: What Is a Short Squeeze And How Could It Help Us?

Posted To: MBS CommentaryThe notion of "positions" is extremely important to the bond market (and to any market for that matter). At the most basic level, a LONG position seeks to profit from prices rising (or yields falling) and a SHORT position seeks to profit from prices falling (or yields rising). Quite often, the structure of accumulated positions in the...
MBS RECAP: Bonds Still On The Ropes

Posted To: MBS CommentaryToday was the calmest of the past 3 days of craziness, although the higher-than-average volume suggests things are still happening behind the scenes. Specifically , that volume can be largely attributed to traders cashing in previous bets on higher rates. This is accomplished by buying bonds (to close out a bond transaction that was previously "sold short")....
Temporary Factors Help Mortgage Rates... Temporarily

Posted To: Mortgage Rate WatchMortgage rates caught some small semblance of a break today. If it's not apparent based on that assessment in conjunction with the headline, the improvements certainly left something to be desired, even though that's to be expected, given the circumstances. Here's what I mean by that: Rates are based on the bond market. Trading levels in...
Subservicing, Compliance, and Warehouse Products; Private Mortgage Insurance Trends

Posted To: Pipeline PressFolks heading to the MBA’s Secondary conference should know that there are 329 street-level newsstands in New York City. (The peak was 1,500 in the 1950s.) By law, the maximum price for anything at a newsstand is $10, meaning that newspapers are a significant part of that business. Finance & news about it make the world go...
NAR Curtails Earlier Home Sales Estimates

Posted To: MND NewsWireIn the face of continuing inventory shortages, declining consumer sentiment in favor of buying a home, and concern about the homeownership impacts of the 2017 tax cut bill, the National Association of Realtors® (NAR) has revised down, albeit only slightly, its forecast for home sales this year. Chief Economist Lawrence Yun told Realtors attending NAR's Legislative Meetings...

Dream Homes: Mill District condo on the market for $4 million

If you love downtown Minneapolis and want to own a luxury condo, this could be the place for you. The condo sits at the top floor of The Carlyle, unit No. 3901, at 100 Third Avenue S. in Minneapolis' Mill District. It's 3,123 square feet and has three bedrooms and three bathrooms. It also has three parking stalls and a two-car tandem garage. And...
Patti Payne's Cool Pads: Jeff and Marie Clark list Lake Sammamish mansion for $14 million (Photos)

Jeff Clark, founder and president of SuperFloors Inc., and his wife, Marie Clark, are putting their mansion on Lake Sammamish for sale at $13.98 million. The 1.5-acre site has 158 feet of waterfront and a Bellevue address, situated at the south end of the lake, facing due north. Now retired from SuperFloors and in the commercial real estate business, the Clarks are...
Kaiser Permanente commits $200 million to fight homelessness and support affordable housing

Kaiser Permanente has pledged up to $200 million to fight homelessness and support affordable housing in one of the biggest individual financial commitments on the issue from a private enterprise. While it’s currently unclear what exact programs will be funded using the money, Kaiser’s Chief Community Health Officer Bechara Choucair said the goal is to partner with local communities and...
Kilroy nears deal for Chinese developer's huge South S.F. biotech project

Kilroy would be the third developer to take on the potential $2 billion Landing at Oyster Point.
Kaiser Permanente commits $200 million to fight homelessness and support affordable housing

Kaiser Permanente has pledged up to $200 million to fight homelessness and support affordable housing in one of the biggest individual financial commitments on the issue from a private enterprise. While it’s currently unclear what exact programs will be funded using the money, Kaiser’s Chief Community Health Officer Bechara Choucair said the goal is to partner with local communities and...
How Santa Clara County supervisor candidates view Bay Area housing and homelessness issues

A candidate forum hosted by two local housing nonprofits focused on the Bay Area's housing crisis, and the questions from the former homeless members of a "lived experience" advisory board produced the most interesting answers.