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]

On the Market: 5 Interesting Listings for the Week of 10/15

This week's listings include a student housing investment opportunity in Boca Raton, an affordable community in Tampa, and more.
Orlando Apartments Sold for $48M

Cushman & Wakefield arranged the sale of the 296-unit Canopy Apartment Villas to Taurus Investment Holdings on behalf of Robbins Property Associates and LEM Capital.
Penzance Targets Metro Washington with $255M Fund

For its first private-equity fund, the investor-developer anticipates parlaying capital into a portfolio valued at $800 million to $1 billion
Lendlease Unveils Chicago South Loop Community

The Cooper at Southbank is one of five residential towers the company will build on the 7-acre site.
NM Development Grabs $35M in Financing

The Albuquerque City Council approved the metropolitan revenue bonds to fund the construction of the 226-unit Broadstone Northpoint Apartments, which broke ground in early 2017.
Titan Development Proposes ABQ Community

The company’s plans call for the addition of 102 market-rate apartments, adding to the Midtown/University submarket’s existing supply of 3,700 units.

Bright Economic Outlook Muted by Housing Data

Posted To: MND NewsWireFannie Mae's Economic and Strategic Research (ESR) group is still expecting that economic growth will "likely" be solid in the third quarter, but they are otherwise hedging their bets. In their October Outlook, the economists said the lower job growth in September does not alter their view that the labor market is strong, but GDP growth has...
Purchase Share, FICOs, ARMs All Increasing -EllieMae

Posted To: MND NewsWireThe share of closed loans originated for home purchase continues to inch higher. Ellie Mae, in its September Origination Insight Report , says that share jumped from 68 percent in August to 71 percent . The upward trend in purchasing was most pronounced for FHA loans where the share rose 5 percentage points to 83 percent. For...
MBS RECAP: Super Sideways and Slightly Weaker

Posted To: MBS CommentaryBonds were stuck between a rock and a hard place today. Actually they were stuck between stocks and a European place. Stocks made a case for a bond rally (not that stocks are in total control of bonds, but all other things being equal, stocks' intraday momentum is frequently seen accompanying bond rallies). European markets pushed in...
Rates Edge Back Toward Long-Term Highs

Posted To: Mortgage Rate WatchMortgage rates failed to extend yesterday's modest improvement, moving modestly higher by the end of the day. This takes the average lender very close to the long-term highs seen on October 5th. Indeed, prospective borrowers shouldn't be surprised to see the highest rates since early 2011. In and of itself, today wasn't too dramatic. We were...
Existing Home Sales Extend Slump, But Inventory Holds Annual Gain

Posted To: MND NewsWireExisting home sales slipped in September, following a month in which sales were almost totally flat. The National Association of Realtors® (NAR) said that closed transactions for existing single family homes, townhouses, condos, and cooperative apartments was at a seasonally adjusted rate of 5.15 million in September. This was a 3.4 percent decline from both the July...
Appraisal White Paper; Data Filter Product; Capital Markets News

Posted To: Pipeline PressEveryone, and their brother, knows that the costs for builders to build a home are increasing. Politics aside, it turns out that the tariff changes are indeed impacting the cost of remodeling and building, and NAHB released a list of products affected by tariffs, including nails. Did you know that, per a Freddie Mac poll, 78% of...

Mesa builder has $20M in luxury homes in development in metro Phoenix

The family business is on a roll, and recently purchased land in Surprise on which it intends to build homes priced in the $220,000s.
San Antonio's most expensive homes for sale (slideshow)

As San Antonio's economy continues to stay strong, so too has its housing market. Click the slideshow to see the 22 most-expensive home listings in San Antonio According to the latest Multiple Listing Service Report from the San Antonio Board of Realtors, area home sales in August surpassed 3,000 for the fourth month in a row, ending the month at 3,236...
The 25 Hamilton County neighborhoods where homes are selling the fastest: SLIDESHOW

At a time when the Greater Cincinnati housing market is incredibly tight, homes are selling much faster in some neighborhoods than others. In gathering data for my recent cover story on Greater Cincinnati’s historically tight housing inventory, I wanted to see which parts of town are the most active when it comes to sales. The answer was a surprise to me....
Hawaii Supreme Court invalidates constitutional amendment ballot question on property tax

The Hawaii Supreme Court on Friday issued an order invalidating a proposed constitutional amendment to allow the Legislature to create a surcharge on investment property and said that any votes on the Nov. 6 ballot won’t be counted and will have no impact. The high court ruled one day after hearing oral arguments from attorneys representing the City and County of...
Patti Payne's Cool Pads: Former Intel power couple lists waterfront estate for $6.8 million

David and Vicki Marsing, both former Intel executives, have listed the estate they have owned for almost two decades for $6.8 million. Before they retired from the company, they put in a combined 40 years at their jobs – he as a vice president and she as an engineering manager. They have lived all over the world by virtue of their work, from northern California...
Form D Friday: MS Biotech issues $59 million in connection with business combination

There were several other large fund raises in the Denver metro this week.