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Ladera Courts
FHA HFA Risk Sharing (542c)
Endorsed December 2, 2003
FHA #11698030
Deal Details
- Location
- Ruidoso Downs, New Mexico
- Mortgage Amount
- $2.0M
- Units
- 60
- Program
- HFA Risk Sharing (542c)
- Lender
- NEW MEXICO MFA
- Fiscal Year
- FY2004
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $1.5M($2.0M original)
- Interest Rate
- 6.99%
- Maturity
- December 2043(18 years remaining)
- Original Term
- 40 years
- Holder
- NEW MEXICO MTG FIN AUTHORITY
- Servicer
- NEW MEXICO MTG FIN AUTHORITY
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