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Cherokee Place

FHA HFA Risk Sharing (542c)

Endorsed November 9, 2021

FHA #09298171

Deal Details

Location
NORTH BRANCH, Minnesota
Mortgage Amount
$3.2M
Units
48
Program
HFA Risk Sharing (542c)
Lender
MINNESOTA HFA
Fiscal Year
FY2022
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$3.1M($3.2M original)
Interest Rate
4.98%
Maturity
November 2061(36 years remaining)
Original Term
40 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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