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Cranbrook Senior Tower

FHA Acquisition & Refinance

Endorsed December 13, 2016

FHA #04411397

Deal Details

Location: ANN ARBOR, Michigan
Mortgage Amount: $17.3M
Units: 202
Program: Acquisition & Refinance
Lender: Dwight Capital
Fiscal Year: FY2017
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $14.4M($17.3M original)
Interest Rate: 2.90%
Maturity: January 2052(26 years remaining)
Original Term: 35 years
Holder: Midland States Bank
Servicer: Midland States Bank

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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