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MAGNOLIA ON DETROIT

FHA Acquisition & Refinance

Endorsed January 8, 2021

FHA #04211359

Deal Details

Location
Cleveland, Ohio
Mortgage Amount
$3.3M
Units
126
Program
Acquisition & Refinance
Lender
BWE
Fiscal Year
FY2021
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$3.0M($3.3M original)
Interest Rate
2.37%
Maturity
February 2056(30 years remaining)
Original Term
35 years
Holder
BWE
Servicer
BWE

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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