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Riverside Homes and Mitchell Landing Apartments

FHA HFA Risk Sharing (542c)

Endorsed October 31, 2024

FHA #05298097

Deal Details

Location
SALISBURY, Maryland
Mortgage Amount
$6.7M
Units
99
Program
HFA Risk Sharing (542c)
Lender
MARYLAND DEPT HSG COM DEVMT
Fiscal Year
FY2025
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$6.7M
Interest Rate
5.23%
Maturity
December 2066(41 years remaining)
Original Term
40 years
Holder
DEPARTMENT HOUSING COMM DEV
Servicer
DEPARTMENT HOUSING COMM DEV

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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