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The Beach at South Inlet
FHA HFA Risk Sharing (542c)
Endorsed September 30, 2016
FHA #03598021
Deal Details
- Location
- ATLANTIC CITY, New Jersey
- Mortgage Amount
- $23.7M
- Units
- 250
- Program
- HFA Risk Sharing (542c)
- Lender
- NEW JERSEY HMFA
- Fiscal Year
- FY2016
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $20.4M($23.7M original)
- Interest Rate
- 3.70%
- Maturity
- August 2050(24 years remaining)
- Original Term
- 32 years
- Holder
- NEW JERSEY HOUS MTG FIN AGCY
- Servicer
- NEW JERSEY HOUS MTG FIN AGCY
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