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THE AMERICAN COOPERATIVE ON LAKE PHALEN

FHA New Construction & Substantial Rehab

Endorsed March 15, 2024

FHA #09223296

Deal Details

Location
MAPLEWOOD, Minnesota
Mortgage Amount
$21.0M
Units
56
Program
New Construction & Substantial Rehab
Lender
Colliers Mortgage
Fiscal Year
FY2024

Current Loan Status

Active
Outstanding Balance
$20.9M($21.0M original)
Interest Rate
5.59%
Maturity
August 2065(39 years remaining)
Original Term
40 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

hud.gov multifamily data

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