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HERITAGE PARK APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed November 21, 2019

FHA #05336316

Deal Details

Location: CHARLOTTE, North Carolina
Mortgage Amount: $15.6M
Units: 150
Program: New Construction & Substantial Rehab
Lender: PNC Bank, N.A.
Fiscal Year: FY2020
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $14.6M($15.6M original)
Interest Rate: 3.24%
Maturity: April 2061(35 years remaining)
Original Term: 40 years
Holder: PNC Bank, N.A.
Servicer: PNC Bank, N.A.

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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