Florida Housing Finance Corporation Information Items Report May 2026
Freddie Mac Backs Increased Astoria on 9th Mortgage
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Description
Freddie Mac provided a permanent loan commitment for the Astoria on 9th tax-exempt first mortgage, enabling the loan to be increased to approximately $8.25 million. The 15-year, 40-year amortizing structure supports long-term financing of the 120-unit elderly development.
Contract Details
Contract Amount
Rate-locked maximum funding loan amount of $7,640,000, with up to 10% increase allowed; actual permanent loan sized to $8,250,000
Vendor
FREDDIE MAC
Agency
Florida Housing Finance Corporation, FL
Contract Type
FINANCIAL_SERVICES
Document Date
April 26, 2026
Contract Term
15-year term, 40-year amortization; commitment issued February 16, 2023
Renewal Info
Commitment governs terms for conversion from construction to permanent phase; no subsequent renewal information provided.
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