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Village Park Apartments

FHA New Construction & Substantial Rehab

Endorsed June 26, 2007

FHA #04435600

Deal Details

Location: DEARBORN, Michigan
Mortgage Amount: $8.1M
Units: 150
Program: New Construction & Substantial Rehab
Lender: PILLAR CAPITAL FINANCE LLC
Fiscal Year: FY2007
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $6.4M($8.1M original)
Interest Rate: 5.49%
Maturity: June 2048(22 years remaining)
Original Term: 40 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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