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DRAKE APARTMENTS
FHA Acquisition & Refinance
Endorsed May 14, 2018
FHA #09211453
Deal Details
- Location
- COON RAPIDS, Minnesota
- Mortgage Amount
- $4.8M
- Units
- 48
- Program
- Acquisition & Refinance
- Lender
- Colliers Mortgage
- Fiscal Year
- FY2018
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $4.3M($4.8M original)
- Interest Rate
- 3.85%
- Maturity
- June 2053(27 years remaining)
- Original Term
- 35 years
- Holder
- Colliers Mortgage
- Servicer
- Colliers Mortgage
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
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