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Somerset Place Apartments at Timber Ridge

FHA Acquisition & Refinance

Endorsed June 30, 2022

FHA #12611241

Deal Details

Location: ALBANY, Oregon
Mortgage Amount: $26.0M
Units: 147
Program: Acquisition & Refinance
Lender: KeyBank National Association
Fiscal Year: FY2022

Current Loan Status

Active

Outstanding Balance: $24.6M($26.0M original)
Interest Rate: 3.70%
Maturity: July 2057(31 years remaining)
Original Term: 35 years
Holder: KeyBank National Association
Servicer: KeyBank National Association

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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