NIFA Pilot Loan Approved For Fairview Villas Project
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Description
NIFA’s Multifamily and Commercial Lending Programs Loan Committee approved a $790,000, 20-year loan to Fairview Villas, LLC for a 28-unit development in Hastings, Nebraska. The financing, at a 5.5% fixed rate and secured by a first lien, fulfills the criteria of NIFA’s Multifamily Lending Pilot Program.
Contract Details
Contract Amount
$790,000
Vendor
FAIRVIEW VILLAS LLC
Agency
Nebraska Investment Finance Authority, NE
Contract Type
FINANCIAL_SERVICES
Document Date
May 8, 2026
Contract Term
240 months (20 years)
Renewal Date
2046-03-03
Issuing Agency
State Housing Authority
Lincoln, NE
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