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Spruce Street Senior
FHA HFA Risk Sharing (542c)
Endorsed September 23, 2016
FHA #03198031
Deal Details
- Location
- Newark, New Jersey
- Mortgage Amount
- $2.1M
- Units
- 56
- Program
- HFA Risk Sharing (542c)
- Lender
- NEW JERSEY HMFA
- Fiscal Year
- FY2016
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $1.8M($2.1M original)
- Interest Rate
- 6.50%
- Maturity
- November 2045(20 years remaining)
- Original Term
- 29 years, 2 months
- Holder
- NEW JERSEY HOUS MTG FIN AGCY
- Servicer
- NEW JERSEY HOUS MTG FIN AGCY
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
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