ME HUD FHA Multifamily Loan Step-Down & Section 8 Rent-Upside Directory

Tracked Assets: 24 · Total FHA Debt: $249,646,899 · Annual Section 8 Mark-Up-To-Market Upside: +$248,290/yr

Property / FHA #Original FHA Loan10-Yr Step-Down StatusSec 8 Rent-to-FMR UpsideTRACS Management Agent
IAHSR - Portland Ctr AL
Portland, ME · FHA #022-22036
$15,282,3001% NEAR-PAR STEP-DOWN WINDOW0.0% FMR (+$0/yr)First Atlantic Corporation
craigc@firstatlantic.com
First Atlantic - Seal Rock Healthcare
Saco, ME · FHA #024-22084
$10,487,2000% PAR REFI UNLOCKED0.0% FMR (+$0/yr)First Atlantic Corporation
wandap@firstatlantic.com
WESTBROOK POINTE
Westbrook, ME · FHA #TRACS-800009827
$16,830,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)87.2% FMR (+$186,529/yr)SPEAR MANAGEMENT GROUP INC
locked-tracs-contact@••••.com (Pro Unlock)
Maritime Apartments
Bath, ME · FHA #TRACS-800009722
$11,390,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)109.6% FMR (+$0/yr)Realty Resources Management, LLC (RRM)
locked-tracs-contact@••••.com (Pro Unlock)
Deering Pavilion
Portland, ME · FHA #024-11072
$9,900,0001% NEAR-PAR STEP-DOWN WINDOW112.3% FMR (+$0/yr)DBH Management Inc.
locked-tracs-contact@••••.com (Pro Unlock)
SandyRiver8-Sedgewood Commons
Falmouth Foreside, ME · FHA #024-22082
$6,698,6000% PAR REFI UNLOCKED0.0% FMR (+$0/yr)Sedgewood Realty LLC
locked-tracs-contact@••••.com (Pro Unlock)
SandyRiver8-Harbor Hill Center
Belfast, ME · FHA #022-22010
$6,499,8000% PAR REFI UNLOCKED0.0% FMR (+$0/yr)Harbor Hill, LLC
locked-tracs-contact@••••.com (Pro Unlock)
SETON VILLAGE
Waterville, ME · FHA #024-11077
$6,440,0002% NEAR-PAR STEP-DOWN WINDOW126.7% FMR (+$0/yr)Seton Village, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
Southridge Rehab and Living Center
Biddeford, ME · FHA #024-22065
$5,941,5140% PAR REFI UNLOCKED0.0% FMR (+$0/yr)North Country Associates, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
Tall Pines Health Care Facility
Belfast, ME · FHA #022-22004
$8,176,0000% PAR REFI UNLOCKED0.0% FMR (+$0/yr)North Country Associates, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
Housing Foundation II
Orono, ME · FHA #TRACS-800009663
$9,860,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)79.9% FMR (+$45,058/yr)The Housing Foundation M&D II
locked-tracs-contact@••••.com (Pro Unlock)
Schooner Estates
Auburn, ME · FHA #022-22045
$10,806,600LOCKOUT STEP-DOWN (4% PENALTY)0.0% FMR (+$0/yr)Schooner Retirement Community, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
Northfield Green
Portland, ME · FHA #TRACS-800009720
$17,085,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)103.3% FMR (+$0/yr)Preservation Management, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
BRADFORD COMMONS
Bangor, ME · FHA #TRACS-800009589
$16,490,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)96.2% FMR (+$16,704/yr)HARBOR MANAGEMENT CORPORATION
locked-tracs-contact@••••.com (Pro Unlock)
FORESIDE ESTATES
Falmouth Foreside, ME · FHA #TRACS-800009639
$14,450,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)137.6% FMR (+$0/yr)Princeton Properties Management, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
100 STATE STREET
Portland, ME · FHA #TRACS-800009838
$14,280,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)143.5% FMR (+$0/yr)Portland Housing Authority
locked-tracs-contact@••••.com (Pro Unlock)
CONGRESS SQUARE PLAZA
Portland, ME · FHA #TRACS-800009613
$13,600,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)110.6% FMR (+$0/yr)HARBOR MANAGEMENT CORPORATION
locked-tracs-contact@••••.com (Pro Unlock)
GLENRIDGE GARDENS
Augusta, ME · FHA #TRACS-800009648
$10,200,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)106.0% FMR (+$0/yr)Phoenix Property Management Inc
locked-tracs-contact@••••.com (Pro Unlock)
BANGOR HOUSE
Bangor, ME · FHA #TRACS-800009573
$10,200,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)115.2% FMR (+$0/yr)Weston Associates Management Company, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
Kayeight North School
Portland, ME · FHA #022-11010
$4,310,000LOCKOUT STEP-DOWN (10% PENALTY)116.3% FMR (+$0/yr)Preservation Management, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
Deering Place
Portland, ME · FHA #022-35024
$7,913,685LOCKOUT STEP-DOWN (3% PENALTY)0.0% FMR (+$0/yr)Avesta Housing Management Corporation
locked-tracs-contact@••••.com (Pro Unlock)
Oake Park
Berwick, ME · FHA #022-35028
$6,947,300LOCKOUT STEP-DOWN (10% PENALTY)0.0% FMR (+$0/yr)Universal Property Management LLC
locked-tracs-contact@••••.com (Pro Unlock)
ELIOT COMMONS
South Eliot, ME · FHA #024-35120
$5,913,900LOCKOUT STEP-DOWN (5% PENALTY)0.0% FMR (+$0/yr)Phoenix Management Corporation
locked-tracs-contact@••••.com (Pro Unlock)
BARKER MILL ARMS
Auburn, ME · FHA #TRACS-800009575
$9,945,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)108.9% FMR (+$0/yr)AUBURN HOUSING AUTHORITY
locked-tracs-contact@••••.com (Pro Unlock)
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