| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 03/10/2038 |
| State | NC |
| Name | FORMOSA NORTH APTS |
| Address | |
| Address 2 | |
| Address 3 | |
| City | ELM CITY |
| Zip Code | 27822 |
| Total Units | 16 |
| Rental Type | Family |
| Section | 515 Rural Housing |
| Revitalization | Yes |
| Tax Credit | N |
| Borrower Profit Type | |
| Management Name | FORMOSA MANAGEMENT |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 0 |
| Vacant Units | 0 |
| Rental Assistance Units | 16 |
| Year Restrictive Clause Expires | 2038 |
| Borrower Name | FORMOSA PROPERTIES LLC |
| Borrower Type | Other |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | WALLACE, NC |
| Data As-of Date | |
| Fy Of Loan Obligation | 2007 |
| Interest Rate At Loan Closing % | 5.38 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 9797 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2038 |
| Loan Payoff Year | 2050 |
| Estimated Property Exit Year | 2038 |
| Project Number | |
| Project Id | 04 |
| Project Check Digit | 0 |
| Latitude | 35.80579 |
| Longitude | -77.864922 |
| Borrower Id | 445335544 |
| Date Of Operation | 03/10/2008 |
| Tax Credit Expires | |
| Property Key | |
| State County Fips Code |
Keep a record of past landlord issues.
Having some marks on your rental history will not disqualify you from federal housing, but be prepared to explain situations like an eviction.Douglas Cook says:
"Affordable Housing Online is a good resource to keep you updated."