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THE PRESERVES PHASE V

FHA Acquisition & Refinance

Endorsed May 22, 2018

FHA #04411440

Deal Details

Location
STERLING HEIGHTS, Michigan
Mortgage Amount
$6.4M
Units
52
Program
Acquisition & Refinance
Lender
Lument
Fiscal Year
FY2018

Current Loan Status

Active
Outstanding Balance
$5.7M($6.4M original)
Interest Rate
3.96%
Maturity
June 2053(27 years remaining)
Original Term
35 years
Holder
Lument
Servicer
Lument

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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