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Timbergate Townhomes

FHA New Construction & Substantial Rehab

Endorsed May 6, 2021

FHA #11535843

Deal Details

Location
Corpus Christi, Texas
Mortgage Amount
$28.9M
Units
150
Program
New Construction & Substantial Rehab
Lender
MASON JOSEPH COMPANY INC
Fiscal Year
FY2021

Current Loan Status

Active
Outstanding Balance
$28.5M($29.5M original)
Interest Rate
2.93%
Maturity
July 2063(37 years remaining)
Original Term
40 years
Holder
Lument
Servicer
Lument

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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