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Fairmont First Colony Apartments

FHA Acquisition & Refinance

Endorsed August 27, 2015

FHA #11411398

Deal Details

Location
SUGAR LAND, Texas
Mortgage Amount
$26.2M
Units
273
Program
Acquisition & Refinance
Lender
DAVIS-PENN MTGE
Fiscal Year
FY2015

Current Loan Status

Active
Outstanding Balance
$21.3M($26.2M original)
Interest Rate
3.38%
Maturity
September 2050(24 years remaining)
Original Term
35 years
Holder
DAVIS-PENN MORTGAGE CO
Servicer
DAVIS-PENN MORTGAGE CO

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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