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PALM PLACE APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed April 7, 2021

FHA #06735586

Deal Details

Location
WINTER HAVEN, Florida
Mortgage Amount
$6.5M
Units
90
Program
New Construction & Substantial Rehab
Lender
FIRST HSG DEVMT CORP OF FL
Fiscal Year
FY2021
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$6.2M($6.5M original)
Interest Rate
2.82%
Maturity
August 2062(36 years remaining)
Original Term
40 years
Holder
FIRST HOUSING DEV CORP OF FL
Servicer
FIRST HOUSING DEV CORP OF FL

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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