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The Beacon on Westmoreland

FHA Acquisition & Refinance

Endorsed May 31, 2023

FHA #11311495

Deal Details

Location
DeSoto, Texas
Mortgage Amount
$29.0M
Units
194
Program
Acquisition & Refinance
Lender
Colliers Mortgage
Fiscal Year
FY2023

Current Loan Status

Active
Outstanding Balance
$28.1M($29.0M original)
Interest Rate
5.07%
Maturity
June 2058(32 years remaining)
Original Term
35 years
Holder
Colliers Mortgage
Servicer
Colliers Mortgage

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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