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]

Waterton Acquires DC-Area Luxury Community

Built in 1992, the 404-unit The Citizen at Shirlington Village will undergo renovations to its unit interiors and common areas....
KTGY Unveils University Design in WI

Annex Student Living is developing Annex 71, a 140-unit residential community near University of Wisconsin-Oshkosh, the state's third largest school....
Silverstone Debuts Palm Beach Gardens Senior Community

Harbor Retirement Associates operates the 120-unit property, which provides assisted living and memory care services, in addition to HarborChase of Southlake and HarborChase of The Park Cities, both slated to open by the first quarter of 2018....
John Hancock Snags Property on Boston Harbor

The 224-unit, high-rise was built in 2007, and is part of the ongoing redevelopment of the Navy Yard, once one of the oldest shipbuilding yards in the United States....
EPC to Develop 292 Units in TX

RED Development has sold an 11-acre parcel in Denton, to be developed into luxury apartments called The Village at Rayzor Ranch....
PAC to Invest $18M in NC Multifamily Asset

The aggregate loan will be used by Oxford Properties to develop a 338-unit community in Charlotte. The investment comes with an option for PAC to acquire the asset following stabilization for a convenient sum....

Worst Annual Pace in 3 Years For New Home Sales

Posted To: MND NewsWireNew home sales in July were expected to remain steady after scoring a slight gain in June, instead they plunged to a rate even lower than those a year earlier. Three of the four geographic regions shared in the decline, Sales of newly constructed homes in July are estimated at a seasonally adjusted annual rate of 571,000...
MBS Day Ahead: Bonds Trying to Turn Recent Floor Into a Ceiling

Posted To: MBS CommentaryCoincidentally, yesterday's Day Ahead talked about "pivot points." Now today, we see a prime example of a pivot point in action. Although I labeled it as 2.215% yesterday, let's simplify the conversation by using 2.22% today. A hallmark of "pivot" behavior is the tendency to act as both a floor and a ceiling . A pivot is...
MBS RECAP: With Nothing Better to Follow, Bonds Took Cues From Stocks

Posted To: MBS CommentaryI'm not shy about dismissing the conventional wisdom of bond yields and stock prices following each other. We're talking about some iteration of the quintessential quip: "buy stocks, sell bonds," or vice versa. Over the shorter time horizons, we do indeed see that sort of relationship play out from time to time, but the opposite has been...
Mortgage Rates Nominally Higher, But Still Near Long-Term Lows

Posted To: Mortgage Rate WatchMortgage rates rose today, but by a small enough amount that it shouldn't crush too many hopes and dreams. For all intents and purposes, rates remain in line with the lowest levels since November 2016. Any movement in recent weeks has been limited to "upfront costs" as opposed to interest rates themselves. That has the potential...
LO Training Product; Upcoming Events; Vendors Partnering Up

Posted To: Pipeline PressTrends? A few weeks ago, Ally offered to beat any other lender’s price. And last week 360 Mortgage Group announced a new platform that will allow customers to receive approval for a loan in just 15 minutes and cuts down the closing process to as few as eight days. The company’s NOLO platform ("No Originating Loan Officer")...
Refinance Applications Continue Outperforming Purchases

Posted To: MND NewsWireThe volume of refinancing applications, shored up by interest rates that remained at seven- and eight- month lows, rose for the fifth time in the last six weeks . However, during the week ended August 18, the gain was a marginal one, not enough to keep the overall level of applications from declining. The Mortgage Bankers Association...

Saint Joseph Hospital to redevelop dormitory into senior housing

Saint Joseph Hospital is planning to redevelop Tammen Hall, a former nurses dormitory on its campus at 1375 E. 19th Ave., into income-qualified senior housing.
Saint Joseph's parent, Broomfield-based SCL Health, along with Fort Collins-based architecture and design firm Neenan Co. and Denver-based multifamily developer MGL Partner, will renovate the eight-story, 52,000-square-foot Tammen Hall into 49 rental units for people 62...
San Francisco officials select developers for huge site near Balboa Park BART

After several months of anticipation, San Francisco's Planning Department picked a team to bring housing to a 17.7-acre site in the southern part of the city. ...
Will San Jose and Santa Clara reconcile before 'border war' goes to court?

Billions of dollars of development and tens of thousands of future jobs hang in the balance. ...
Wichita company enters KC market with $15M senior-living campus

Wichita-based Oxford Senior Living has opened its first facility in the Kansas City area, the Wichita Business Journal reports. The Oxford Grand Assisted Living and Memory Care community is located at 8280 N. Tullis Ave. in Kansas City's Shoal Creek Valley area. It is the company's 14th senior-living facility — and first in Missouri. Kansas City's CBC Real Estate Group partnered with...
Yzerman sells Davis Islands home to new Lightning player (Photos)

Tampa Bay Lightning general manager Steve Yzerman has sold his Davis Islands mansion — and another Bolt is moving in. Lightning defenseman Daniel Girardi and his wife, Pamela, paid $3 million for Yzerman's home at 44 Martinique Ave., according to a Hillsborough County deed filed Tuesday. A Lightning spokesman declined comment. Girardi signed a two-year, $6 million contract with the Lightning on July...
$6M sale of MassDOT sign shop to pave way for 500-unit development in Medford

The Medford deal is part of Gov. Charlie Baker’s “Open For Business” initiative, which launched in 2015 with the goal of helping private developers build on publicly owned transportation land. ...