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Commerce Gardens II

FHA Acquisition & Refinance

Endorsed February 9, 2023

FHA #10211123

Deal Details

Location
HUTCHINSON, Kansas
Mortgage Amount
$4.2M
Units
48
Program
Acquisition & Refinance
Lender
GERSHMAN INVESTMENT
Fiscal Year
FY2023

Current Loan Status

Active
Outstanding Balance
$4.0M($4.2M original)
Interest Rate
5.85%
Maturity
March 2058(32 years remaining)
Original Term
35 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

hud.gov multifamily data

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