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Palmers Creek Apartments

FHA New Construction & Substantial Rehab

Endorsed November 26, 2019

FHA #05135766

Deal Details

Location
Fredericksburg, Virginia
Mortgage Amount
$34.2M
Units
200
Program
New Construction & Substantial Rehab
Lender
M & T REALTY CORP
Fiscal Year
FY2020
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$32.4M($34.2M original)
Interest Rate
3.45%
Maturity
November 2061(36 years remaining)
Original Term
40 years
Holder
M & T REALTY CORP
Servicer
M & T REALTY CORP

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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