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RICHMOND VILLAS

FHA New Construction & Substantial Rehab

Endorsed September 20, 2017

FHA #06135862

Deal Details

Location
Hephzibah, Georgia
Mortgage Amount
$7.0M
Units
96
Program
New Construction & Substantial Rehab
Lender
GERSHMAN INVESTMENT
Fiscal Year
FY2017
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$6.4M($7.0M original)
Interest Rate
3.22%
Maturity
January 2059(33 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

hud.gov multifamily data

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