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Phalen Senior Apartments

FHA New Construction & Substantial Rehab

Endorsed February 9, 2005

FHA #09235662

Deal Details

Location
Saint Paul, Minnesota
Mortgage Amount
$5.7M
Units
73
Program
New Construction & Substantial Rehab
Lender
GLASER FINANCIAL GRP
Fiscal Year
FY2005
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$3.6M($5.7M original)
Interest Rate
3.45%
Maturity
May 2046(20 years remaining)
Original Term
40 years
Holder
JLL Real Estate Capital, LLC
Servicer
JLL Real Estate Capital, LLC

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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