| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 10/30/2046 |
| State | NC |
| Name | MERCER ROAD APTS |
| Address | |
| Address 2 | |
| Address 3 | |
| City | ELIZABETHTOWN |
| Zip Code | 28337 |
| Total Units | 66 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | Yes |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | PENDERGRAPH MANAGEMENT, LLC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 5 |
| Vacant Units | 2 |
| Rental Assistance Units | 66 |
| Year Restrictive Clause Expires | 2044 |
| Borrower Name | MERCER ROAD APARTMENTS, LP |
| Borrower Type | Limited Partnership |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | RALEIGH, NC |
| Data As-of Date | |
| Fy Of Loan Obligation | 2013 |
| Interest Rate At Loan Closing % | 2.88 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 15783 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2046 |
| Loan Payoff Year | 2066 |
| Estimated Property Exit Year | 2046 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 0 |
| Latitude | 34.614848 |
| Longitude | -78.602495 |
| Borrower Id | 386847424 |
| Date Of Operation | 10/30/1979 |
| Tax Credit Expires | 10/01/2029 |
| Property Key | |
| State County Fips Code |
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Mili Rodriguez says:
"Affordable Housing Online is awesome, and helps lots of people who can greatly benefit from this website."