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NEWTOWN WOODS APARTMENTS (fka OLD NEW CUT ROAD)

FHA New Construction & Substantial Rehab

Endorsed February 15, 2022

FHA #08335767

Deal Details

Location
Fairdale, Kentucky
Mortgage Amount
$39.5M
Units
240
Program
New Construction & Substantial Rehab
Lender
MASON JOSEPH COMPANY INC
Fiscal Year
FY2022

Current Loan Status

Active
Outstanding Balance
$37.7M($38.6M original)
Interest Rate
2.80%
Maturity
June 2064(38 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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