| Db Date | 06/30/2023 |
| Estimated Property Exit Date | 06/19/2039 |
| State | NC |
| Name | GRACEN'S RIDGE APTS GEM MANAGEMENT |
| Address | |
| Address 2 | |
| Address 3 | |
| City | SHELBY |
| Zip Code | 28152 |
| Total Units | 13 |
| Rental Type | Elderly |
| Section | 515 Rural Housing |
| Revitalization | No |
| Tax Credit | Y |
| Borrower Profit Type | |
| Management Name | GEM MANAGEMENT LLC |
| 1 Br | |
| 2 Br | |
| 3 Br | |
| 4 Br | |
| 5 Br | |
| 6 Br | |
| Handicapped Units | 0 |
| Vacant Units | 0 |
| Rental Assistance Units | 10 |
| Year Restrictive Clause Expires | 2039 |
| Borrower Name | GRACEN'S RIDGE HOUSING LLC |
| Borrower Type | Other |
| Borrower Name 2 | |
| Borrower Address | |
| Borrower Address 3 | |
| Borrower Address 4 | |
| Borrower City State | CHARLOTTE, NC |
| Data As-of Date | |
| Fy Of Loan Obligation | 2007 |
| Interest Rate At Loan Closing % | 4.62 |
| Loan Amt | |
| Balloon? | TRUE |
| Remaining Term Days | 13087 |
| Orig Loan Term | 30 |
| Prepay Eligible | |
| Prepay Eligible Date Yr | 2039 |
| Loan Payoff Year | 2059 |
| Estimated Property Exit Year | 2039 |
| Project Number | |
| Project Id | 01 |
| Project Check Digit | 2 |
| Latitude | 35.252808 |
| Longitude | -81.679428 |
| Borrower Id | 271776792 |
| Date Of Operation | 06/19/2009 |
| Tax Credit Expires | 06/16/2039 |
| 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.Karen Grim says:
"I like Affordable Housing Online because it is easier to navigate than other websites that waste a lot of my time."