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Tax-Exempt Mortgage

Category: Financial Assistance


The Tax-Exempt Mortgage is similar to an Industrial Revenue Bond, but a mortgage note is issued instead of multiple bonds. Because the servicing costs of a single note are lower than those of multiple bonds, the minimum size project is substantially lower. Minimum size is dependent upon current interest and market conditions.


The Burton-Rosenmeier House

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Little Falls' leading example of Neoclassical architecture, built c. 1900 and owned successively by notable local merchant Barney Burton and attorney/politician Christian Rosenmeier. Now houses the Little Falls Convention and Visitors Bureau.