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Beach Channel Senior Apartments
FHA HFA Risk Sharing (542c)
Endorsed September 25, 2019
FHA #01298023
Deal Details
- Location
- FAR ROCKAWAY, New York
- Mortgage Amount
- $15.5M
- Units
- 153
- Program
- HFA Risk Sharing (542c)
- Lender
- NEW YORK CITY HSG DEV CORP
- Fiscal Year
- FY2019
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $14.0M($15.5M original)
- Interest Rate
- 5.70%
- Maturity
- September 2049(23 years remaining)
- Original Term
- 30 years
- Holder
- NEW YORK CITY HOUS DEV CORP
- Servicer
- NEW YORK CITY HOUS DEV 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