FINANCIAL_SERVICESAPPROVED

Minnesota Housing Finance Agency Awards $6,295,000 Financial Services Contract to Loma Limited Partnership (May 2026)

Minnesota Housing approved a bridge loan commitment of up to $6,295,000 to The Loma Limited Partnership to finance construction of The LOMA, a 62‑unit senior rental project in Minneapolis. The short‑term loan will be funded with a mix of tax‑exempt and taxable Rental Housing Bonds and will carry interest at the bond rate plus 1.0% with a balloon repayment due within two years.

Status
APPROVED
Document date
May 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Loma Limited Partnership
Agency
Minnesota Housing Finance Agency · MN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$6,295,000
Contract type
FINANCIAL_SERVICES
Contract term
Up to 24 months from closing; BL commitment term six months once entered; authorization expires August 1, 2026
Renewal date
2028-08-01
Renewal
Short‑term construction bridge loan with balloon repayment due no later than 24 months after closing; BL commitment itself has a six‑month term once executed and does not include renewal options.
Document type
AgendaPacket
Source document
Minnesota Housing Board Agenda Packet 2026-05-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Minnesota Housing Finance Agency?

Loma Limited Partnership was awarded this financial services contract by Minnesota Housing Finance Agency, as recorded on May 28, 2026. The contract value is $6,295,000.

How much is the Loma Limited Partnership contract with Minnesota Housing Finance Agency worth?

The Loma Limited Partnership contract with Minnesota Housing Finance Agency is valued at $6,295,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Minnesota Housing Board Agenda Packet 2026-05-28 (AgendaPacket), dated May 28, 2026 from Minnesota Housing Finance Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Loma Limited Partnership hold?

Loma Limited Partnership may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Loma Limited Partnership's profile

What is Minnesota Housing Finance Agency currently buying?

Explore Minnesota Housing Finance Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Minnesota Housing Finance Agency's profile

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