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Equitable Lofts

FHA FHA-to-FHA Refinance

Endorsed April 24, 2020

FHA #07435301

Deal Details

Location
DES MOINES, Iowa
Mortgage Amount
$18.0M
Units
146
Program
FHA-to-FHA Refinance
Lender
GERSHMAN INVESTMENT
Fiscal Year
FY2020

Current Loan Status

Active
Outstanding Balance
$13.3M($18.0M original)
Interest Rate
3.25%
Maturity
May 2060(34 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

hud.gov multifamily data

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