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1435 Mulberry Apartments
FHA New Construction & Substantial Rehab
Endorsed June 27, 2025
FHA #07435309
Deal Details
- Location
- DES MOINES, Iowa
- Mortgage Amount
- $44.5M
- Units
- 202
- Lender
- GERSHMAN INVESTMENT
- Fiscal Year
- FY2025
Current Loan Status
Active- Outstanding Balance
- $44.5M
- Interest Rate
- 6.05%
- Maturity
- June 2067(41 years remaining)
- Original Term
- 40 years
- Holder
- GERSHMAN INVESTMENT
- Servicer
- GERSHMAN INVESTMENT
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
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