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Cove in Odessa
FHA New Construction & Substantial Rehab
Endorsed February 26, 2021
FHA #11335923
Deal Details
- Location
- ODESSA, Texas
- Mortgage Amount
- $21.5M
- Units
- 200
- Lender
- GERSHMAN INVESTMENT
- Fiscal Year
- FY2021
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $20.6M($21.5M original)
- Interest Rate
- 2.70%
- Maturity
- April 2063(37 years remaining)
- Original Term
- 40 years
- Holder
- GERSHMAN INVESTMENT
- Servicer
- GERSHMAN INVESTMENT
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
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