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BICENTENNIAL TOWERS

FHA Acquisition & Refinance

Endorsed February 27, 2020

FHA #04411457

Deal Details

Location
DETROIT, Michigan
Mortgage Amount
$47.0M
Units
299
Program
Acquisition & Refinance
Lender
Truist Commercial Real Estate
Fiscal Year
FY2020
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$42.2M($47.0M original)
Interest Rate
3.14%
Maturity
March 2055(29 years remaining)
Original Term
35 years
Holder
Grandbridge Real Estate Capital LLC
Servicer
Grandbridge Real Estate Capital LLC

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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