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Magnolia Gardens I & II
FHA New Construction & Substantial Rehab
Endorsed June 18, 2015
FHA #06235744
Deal Details
- Location
- FLORENCE, Alabama
- Mortgage Amount
- $3.7M
- Units
- 214
- Lender
- HIGHLAND COMMERCIAL MTGE
- Fiscal Year
- FY2015
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $3.3M($3.7M original)
- Interest Rate
- 3.83%
- Maturity
- March 2057(31 years remaining)
- Original Term
- 40 years
- Holder
- HIGHLAND MORTGAGE
- Servicer
- HIGHLAND MORTGAGE
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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