10 Federal Closes Refinance of HUD Loan on Heritage Apartments

10 Federal announced today that it closed a refinance of its HUD loan on the Heritage Apartments in Hillsborough. The refinance closed on January 30th, 2017, and the original HUD loan interest rate was adjusted down from 4.10% to 2.88%. 10 Federal also successfully earned a Property Energy Star rating for the Heritage Apartments.

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10 Federal is a diversified real estate company headquartered in Raleigh, NC.  Through a combination of vertical integration and leveraging technology to improve performance, it is 10 Federal’s mission to deliver a superior product to its customers at a superior value to the competition.  10 Federal acquires, develops, constructs and manages multifamily and self storage properties in North Carolina.