OAK TERRACE APTS

Db Date 06/30/2023
Estimated Property Exit Date 04/23/2036
State MI
Name OAK TERRACE APTS
Address
Address 2
Address 3
City TRAVERSE CITY
Zip Code 49684
Total Units 48
Rental Type Elderly
Section 515 Rural Housing
Revitalization No
Tax Credit Y
Borrower Profit Type
Management Name WATERMARK MANAGEMENT GROUP
1 Br
2 Br
3 Br
4 Br
5 Br
6 Br
Handicapped Units 3
Vacant Units 1
Rental Assistance Units 35
Year Restrictive Clause Expires
Borrower Name T J OAK TERRACE LDHA LP
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 1991
Interest Rate At Loan Closing % 9.5
Loan Amt
Balloon? FALSE
Remaining Term Days 4646
Orig Loan Term 50
Prepay Eligible
Prepay Eligible Date Yr 1986
Loan Payoff Year 2036
Estimated Property Exit Year 2036
Project Number
Project Id 01
Project Check Digit 8
Latitude 44.730154
Longitude -85.597704
Borrower Id 068710995
Date Of Operation 04/23/1986
Tax Credit Expires 12/31/2022
Property Key
State County Fips Code