| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 07/28/2040 |
| State | IL |
| Name | MAGNOLIA PROPERTIES |
| Address | |
| Address 2 | |
| Address 3 | |
| City | MARTINSVILLE |
| Zip Code | 62442 |
| Total Units | 12 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | MAROON DEVELOPMENT, INC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 1 |
| Vacant Units | 2 |
| Rental Assistance Units | 0 |
| Year Restrictive Clause Expires | 2030 |
| Borrower Name | MAGNOLIA PROPERTIES L.P. |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | SHELBYVILLE, IL |
| Data As-of Date | |
| Fy Of Loan Obligation | 2003 |
| Interest Rate At Loan Closing % | 4 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 9969 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2040 |
| Loan Payoff Year | 2050 |
| Estimated Property Exit Year | 2040 |
| Project Number | |
| Project Id | 03 |
| Project Check Digit | 9 |
| Latitude | 39.337053 |
| Longitude | -87.878299 |
| Borrower Id | 256029654 |
| Date Of Operation | 07/28/1981 |
| Tax Credit Expires | 11/09/2040 |
| Property Key | |
| State County Fips Code |
Do not pay for HUD applications.
It is against the law to charge for Section 8, Public Housing, and other HUD housing applications.Celeste Law says:
"Affordable Housing Online is a great source of information, and is very helpful in answering questions about Section 8 and Public Housing."
