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Veramendi Apartments

FHA New Construction & Substantial Rehab

Endorsed December 29, 2022

FHA #11535962

Deal Details

Location
NEW BRAUNFELS, Texas
Mortgage Amount
$58.5M
Units
324
Program
New Construction & Substantial Rehab
Lender
Grandbridge Real Estate Capital LLC
Fiscal Year
FY2023

Current Loan Status

Active
Outstanding Balance
$58.0M($58.5M original)
Interest Rate
4.45%
Maturity
March 2065(39 years remaining)
Original Term
40 years
Holder
Grandbridge Real Estate Capital LLC
Servicer
Grandbridge Real Estate Capital LLC

Source: HUD BF90 Active Insured Mortgages · Data as of February 2026

Data Sources

Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database

Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026

hud.gov multifamily data

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