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Tower Terrace Townhomes

FHA HFA Risk Sharing (542c)

Endorsed March 30, 2020

FHA #09298179

Deal Details

Location: Cambridge, Minnesota
Mortgage Amount: $1.6M
Units: 32
Program: HFA Risk Sharing (542c)
Lender: MINNESOTA HFA
Fiscal Year: FY2020
LIHTC: Yes

Current Loan Status

Active

Outstanding Balance: $1.5M($1.6M original)
Interest Rate: 3.49%
Maturity: May 2055(29 years remaining)
Original Term: 35 years
Holder: MINNESOTA HOUSING FINANCE AGEN
Servicer: MINNESOTA HOUSING FINANCE AGEN

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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