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Southern Horizon

FHA Acquisition & Refinance

Endorsed May 29, 2019

FHA #07411126

Deal Details

Location
DES MOINES, Iowa
Mortgage Amount
$12.2M
Units
132
Program
Acquisition & Refinance
Lender
GERSHMAN INVESTMENT
Fiscal Year
FY2019

Current Loan Status

Active
Outstanding Balance
$10.8M($12.2M original)
Interest Rate
3.23%
Maturity
June 2054(28 years remaining)
Original Term
35 years
Holder
GERSHMAN INVESTMENT
Servicer
GERSHMAN INVESTMENT

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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