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HEATHER RIDGE APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed April 24, 2019

FHA #07135906

Deal Details

Location
Rock Island, Illinois
Mortgage Amount
$16.6M
Units
169
Program
New Construction & Substantial Rehab
Lender
Berkadia Commercial Mortgage LLC
Fiscal Year
FY2019
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$16.6M
Interest Rate
4.39%
Maturity
November 2040(15 years remaining)
Original Term
20 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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