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LINCOLN TOWERS

FHA New Construction & Substantial Rehab

Endorsed September 3, 2015

FHA #03135317

Deal Details

Location
Newark, New Jersey
Mortgage Amount
$17.4M
Units
208
Program
New Construction & Substantial Rehab
Lender
PNC Bank, N.A.
Fiscal Year
FY2015
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$15.2M($17.4M original)
Interest Rate
3.54%
Maturity
December 2057(32 years remaining)
Original Term
40 years
Holder
PNC Bank, N.A.
Servicer
PNC Bank, N.A.

Source: HUD BF90 Active Insured Mortgages · Data as of February 2026

Data Sources

Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database

Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026

hud.gov multifamily data

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