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Murphy, Hecht, & Miller

FHA New Construction & Substantial Rehab

Endorsed January 21, 2016

FHA #03135319

Deal Details

Location
PASSAIC, New Jersey
Mortgage Amount
$2.1M
Units
130
Program
New Construction & Substantial Rehab
Lender
PNC Bank, N.A.
Fiscal Year
FY2016
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$1.9M($2.1M original)
Interest Rate
4.24%
Maturity
October 2057(32 years remaining)
Original Term
40 years
Holder
PNC Bank, N.A.
Servicer
PNC Bank, N.A.

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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