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Water's Edge (fka Driftwood Apts.)
FHA HFA Risk Sharing (542c)
Endorsed May 3, 2007
FHA #01698063
Deal Details
- Location
- NARRAGANSETT, Rhode Island
- Mortgage Amount
- $1.9M
- Units
- 32
- Program
- HFA Risk Sharing (542c)
- Lender
- RHODE ISLAND HFA
- Fiscal Year
- FY2007
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $1.5M($1.9M original)
- Interest Rate
- 6.50%
- Maturity
- May 2047(21 years remaining)
- Original Term
- 40 years
- Holder
- RHODE ISLAND HSG MTGE FIN CORP
- Servicer
- RHODE ISLAND HSG MTGE FIN 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
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