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FALLS AT MEEHAN (fka PENDLETON APARTMENTS)

FHA New Construction & Substantial Rehab

Endorsed June 5, 2023

FHA #05435912

Deal Details

Location
PENDLETON, South Carolina
Mortgage Amount
$40.3M
Units
296
Program
New Construction & Substantial Rehab
Lender
BWE
Fiscal Year
FY2023

Current Loan Status

Active
Outstanding Balance
$40.1M($40.3M original)
Interest Rate
5.70%
Maturity
September 2065(39 years remaining)
Original Term
40 years
Holder
BWE
Servicer
BWE

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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