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LAKE FOREST APARTMENTS

FHA Acquisition & Refinance

Endorsed April 30, 2020

FHA #04711242

Deal Details

Location
NORTON SHORES, Michigan
Mortgage Amount
$18.4M
Units
251
Program
Acquisition & Refinance
Lender
Arbor Realty Trust
Fiscal Year
FY2020

Current Loan Status

Active
Outstanding Balance
$16.4M($18.4M original)
Interest Rate
2.62%
Maturity
May 2055(29 years remaining)
Original Term
35 years
Holder
Arbor Realty Trust
Servicer
Arbor Realty Trust

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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