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Spring Creek II

FHA HFA Risk Sharing (542c)

Endorsed July 8, 2024

FHA #09298205

Deal Details

Location
NORTHFIELD, Minnesota
Mortgage Amount
$2.6M
Units
32
Program
HFA Risk Sharing (542c)
Lender
MINNESOTA HFA
Fiscal Year
FY2024
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$2.5M($2.6M original)
Interest Rate
4.50%
Maturity
July 2059(33 years remaining)
Original Term
35 years
Holder
MINNESOTA HOUSING FINANCE AGEN
Servicer
MINNESOTA HOUSING FINANCE AGEN

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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