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Martin Luther King Apartments
FHA Acquisition & Refinance
Endorsed May 13, 2021
FHA #04411485
Deal Details
- Location
- DETROIT, Michigan
- Mortgage Amount
- $19.6M
- Units
- 312
- Program
- Acquisition & Refinance
- Fiscal Year
- FY2021
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $17.8M($19.6M original)
- Interest Rate
- 2.40%
- Maturity
- June 2056(30 years remaining)
- Original Term
- 35 years
- Servicer
- Berkadia Commercial Mortgage 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
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