| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 05/22/2049 |
| State | MI |
| Name | WEST CREEK TERRACE |
| Address | |
| Address 2 | |
| Address 3 | |
| City | MCBAIN |
| Zip Code | 49657 |
| Total Units | 20 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | Yes |
| Tax Credit | N |
| Borrower Profit Type | |
| Management Name | WATERMARK MANAGEMENT GROUP |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 2 |
| Vacant Units | 0 |
| Rental Assistance Units | 19 |
| Year Restrictive Clause Expires | 2046 |
| Borrower Name | WATERMARK II LDHA L |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | LANSING, MI |
| Data As-of Date | |
| Fy Of Loan Obligation | 2018 |
| Interest Rate At Loan Closing % | 3.5 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 16757 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2049 |
| Loan Payoff Year | 2069 |
| Estimated Property Exit Year | 2049 |
| Project Number | |
| Project Id | 02 |
| Project Check Digit | 6 |
| Latitude | 44.190346 |
| Longitude | -85.210396 |
| Borrower Id | 176200553 |
| Date Of Operation | 05/22/1986 |
| Tax Credit Expires | |
| Property Key | |
| State County Fips Code |
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.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."