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MEMPHIS TOWERS APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed December 21, 2020

FHA #08135297

Deal Details

Location
MEMPHIS, Tennessee
Mortgage Amount
$27.3M
Units
296
Program
New Construction & Substantial Rehab
Lender
Grandbridge Real Estate Capital LLC
Fiscal Year
FY2021
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$25.7M($27.3M original)
Interest Rate
2.86%
Maturity
August 2062(36 years remaining)
Original Term
40 years
Holder
Grandbridge Real Estate Capital LLC
Servicer
Grandbridge Real Estate Capital LLC

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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