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SIR WALTER APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed December 27, 2018

FHA #05336289

Deal Details

Location
RALEIGH, North Carolina
Mortgage Amount
$19.5M
Units
161
Program
New Construction & Substantial Rehab
Lender
GERSHMAN INVESTMENT
Fiscal Year
FY2019
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$18.0M($19.5M original)
Interest Rate
3.15%
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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