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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 Gateway to the Northern Minnesota Vacationland

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Morrison County, the gateway to the Northern Minnesota vacationland, is located 100 miles northwest of the Minneapolis-St. Paul area, Little more than a 90 minute drive via the four lane highway system. The area offers an abundance of wildlife, lakes, streams, snowmobiling and cross country ski trails. Beautiful parks and trails create endless opportunities to enjoy outdoor recreation.