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]

Midtown Detroit Gets New Mixed-Income Community

Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will....
Shorenstein Nabs Manhattan Luxury Community for $57M

HFF brokered the sale and arranged $31 million in financing for the 54-unit, recently renovated apartment building located in Manhattan’s East Village neighborhood....
JV Brings Luxury Living to Jersey City

Hartz Mountain Industries and Panepinto Properties developed the LEED Silver-certified TOD, which includes 13 stories and 240 units. The community is already 40 percent leased....
Luxury Community Opens Doors in Charleston Area

Woodfield Investments is the owner of The Passage, a 240-unit asset in Summerville, S.C. CF Real Estate Services will manage the property....
Batson-Cook Breaks Ground on 180-Unit FL Student Housing Development

The $54 million project, developed by a joint venture including Kayne Anderson Real Estate Advisors, is expected to come online in the summer of 2018....
Overbuilding in Richmond?

Following several years of strong supply, the area's multifamily market is shifting down a gear. With almost 20,000 units in the pipeline, the metro is at risk of overbuilding....

Perceived Sellers' Market Could Lead to Inventory Gains

Posted To: MND NewsWireIs there relief in sight for those oft cited, much maligned tight housing inventories? The National Association of Realtors® (NAR) sees a glimmer of hope in the responses it received to a recent survey. The Housing Opportunities and Market Experience (HOME) survey for the second quarter found 71 percent of homeowners think now is a good time...
Falling Demand, Competition, Push Lenders Toward Easing Standards

Posted To: MND NewsWireAs home buying affordability has declined, it has indirectly moved lenders' apparent willingness to loosen credit standards in the opposite direction. Fannie Mae says its second quarter Mortgage Lender Sentiment Survey shows the net share of lenders reporting they have eased credit standards over the prior three months has ticked up gradually since the fourth quarter of...
Freddie Singing a Different Tune on Housing/Mortgage Outlook

Posted To: MND NewsWireOn November 30, 2016 Freddie Mac's economists issued their monthly Outlook which, in light of the sudden surge in interest rates earlier that month, was decidedly gloomy . MND's coverage of the forecast elicited a lot of concern from readers, especially when we quoted Freddie Mac that, under their new rate and housing expectations, "Mortgage originations (will)...
Black Knight Home Price Index Hits All-Time High

Posted To: MND NewsWireThe third major home price indicator of the month was released on Monday and again there was no indication that the rate of appreciation is slowing . Black Knight Financial Services said prices, as measured by its National Home Price Index (HPI) increased from March to April by 1.2 percent. The index reading of $275,000, was the...
Bank News: Stress Tests, M&A, Values, Underwriting Changes, New Products

Posted To: Pipeline Press“Statistics are like bikinis. What they reveal is suggestive but what they conceal is vital.” We’re always watching home sales & construction – but it is debatable whether tearing down a house and building another adds to housing stock. About 10.2% of single-family homes rose from tear-down starts in 2016, up from 7.7% in 2015. Bank news...
MBS Week Ahead: Bonds Look to Data and Month-End For Breakout Potential

Posted To: MBS CommentaryWhereas the previous week was generally devoid of significant economic data or market moving events, the current week is more of a contender. On the data front, there are relatively important reports throughout the week including a key inflation report on Friday (PCE). Given the extent to which Fed speakers have increased their focus on inflation specifically...

New law could boost cities' property tax revenues

Opponents of HB 2088 warn that the measure is more like a hidden property tax that could stymie new development. ...
Oakland to shell out $14M for hotel to house homeless

The City of Oakland will pay $14 million to buy a residential hotel downtown and then use the property to house at least some of the city's estimated 1,900 homeless residents, the East Bay Times reports. The city might not stop there, either, with officials saying this week that they may purchase another single-room occupancy hotel soon. Locations for either hotel...
Roland Park's historic water tower restoration gets going

A redevelopment of the historic water tower in Roland Park is set to begin within 45 days. Mary Page Michel, chair of the Roland Park Community Foundation that is funding a portion of the project, said the long-awaited project is outlined in a memorandum of understanding sent to the nonprofit foundation this week by the city. Next up is an engineering...
TriCap plans $23 million mixed-use project near Sacramento State

Though it looks more like something that might pop up in midtown or downtown Sacramento, a new residential and retail project, estimated to cost $23 million, is in the works for 65th Street. ...
Take3: Real estate journalists converge on Denver (Video)

The National Association of Real Estate Editors held its annual conference in Denver in mid-June. The organization last held the conference here in 2012 and decided to come back to Denver because of the city’s active real estate market and the amount of change that’s happening here. Reporter Molly Armbrister, who covers real estate for the Denver Business Journal, caught up...
Exclusive: Arizona residential brokerage expands to Houston with major acquisition

“Houston is a top growth city and a great place to do business. We know our growth potential in Texas is limitless.” ...