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409 on Nine

FHA New Construction & Substantial Rehab

Endorsed March 26, 2019

FHA #04435702

Deal Details

Location
FERNDALE, Michigan
Mortgage Amount
$17.7M
Units
127
Program
New Construction & Substantial Rehab
Lender
Greystone
Fiscal Year
FY2019

Current Loan Status

Active
Outstanding Balance
$16.2M($17.5M original)
Interest Rate
3.99%
Maturity
September 2060(34 years remaining)
Original Term
40 years
Holder
Greystone
Servicer
Greystone

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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