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Seaglass at Rehoboth

FHA Acquisition & Refinance

Endorsed January 28, 2025

FHA #03211079

Deal Details

Location
Rehoboth Beach, Delaware
Mortgage Amount
$50.2M
Units
224
Program
Acquisition & Refinance
Lender
Berkadia Commercial Mortgage LLC
Fiscal Year
FY2025

Current Loan Status

Active
Outstanding Balance
$49.6M($50.2M original)
Interest Rate
5.15%
Maturity
February 2060(34 years remaining)
Original Term
35 years
Holder
Berkadia Commercial Mortgage LLC
Servicer
Berkadia Commercial Mortgage 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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