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Ocean Bay Apartments (Bayside)
FHA HFA Risk Sharing (542c)
Endorsed March 26, 2020
FHA #01298039
Deal Details
- Location
- FAR ROCKAWAY, New York
- Mortgage Amount
- $83.0M
- Units
- 1,393
- Program
- HFA Risk Sharing (542c)
- Lender
- NEW YORK STATE HFA
- Fiscal Year
- FY2020
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $77.6M($83.0M original)
- Interest Rate
- 4.50%
- Maturity
- November 2054(29 years remaining)
- Original Term
- 35 years
- Holder
- NEW YORK STATE HSG FIN AGCY
- Servicer
- NEW YORK STATE HSG 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
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