Status
Active
Place
Newports, NH, 03793
Type
Apartments
Program
542 risk sharing with a housing finance agency or qualified entity
Apartments
70
First endorsed
Dec 6, 2023
Original loan
$4,255,000
Interest rate
5.85%
Term
480 months
Maturity
Jun 1, 2066
Monthly payment
$22,968
Balance
$4,246,034
Held by
New Hampshire Housing Fin Auth, Manchester, NH
Serviced by
New Hampshire Housing Fin Auth, Manchester, NH
Financing
Tax-exempt bonds
Tax credits
Includes low-income housing tax credits

The balance is HUD's own amortization-schedule figure, assuming every payment is made on time. It can differ from a servicer's statement. Terminated loans carry no balance. HUD names the current holder and the current servicer of each loan, not the lender that made it. A loan that was sold shows under its buyer, so a company's balance here is what it holds or services today.

HUD project number 02498147. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.