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THE PRESERVES PHASE I

FHA Acquisition & Refinance

Endorsed November 17, 2022

FHA #04411557

Deal Details

Location
STERLING HEIGHTS, Michigan
Mortgage Amount
$35.2M
Units
194
Program
Acquisition & Refinance
Lender
Lument
Fiscal Year
FY2023

Current Loan Status

Active
Outstanding Balance
$33.7M($35.2M original)
Interest Rate
4.22%
Maturity
December 2057(32 years remaining)
Original Term
35 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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