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PINE RIDGE APARTMENTS

FHA HFA Risk Sharing (542c)

Endorsed July 28, 2016

FHA #09298136

Deal Details

Location
GRAND RAPIDS, Minnesota
Mortgage Amount
$2.6M
Units
100
Program
HFA Risk Sharing (542c)
Lender
MINNESOTA HFA
Fiscal Year
FY2016
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$2.2M($2.6M original)
Interest Rate
5.25%
Maturity
July 2046(20 years remaining)
Original Term
30 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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