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FRIENDSHIP PLACE APARTMENTS

FHA Acquisition & Refinance

Endorsed November 30, 2010

FHA #04411198

Deal Details

Location
ADRIAN, Michigan
Mortgage Amount
$1.9M
Units
58
Program
Acquisition & Refinance
Lender
PILLAR CAPITAL FINANCE LLC
Fiscal Year
FY2011

Current Loan Status

Active
Outstanding Balance
$1.4M($1.9M original)
Interest Rate
3.80%
Maturity
December 2045(20 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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