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SPRINGRIDGE APARTMENTS

FHA Acquisition & Refinance

Endorsed August 17, 2022

FHA #06211263

Deal Details

Location
PHENIX CITY, Alabama
Mortgage Amount
$1.5M
Units
40
Program
Acquisition & Refinance
Lender
HIGHLAND COMMERCIAL MTGE
Fiscal Year
FY2022
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$1.4M($1.5M original)
Interest Rate
2.91%
Maturity
September 2057(31 years remaining)
Original Term
35 years
Holder
HIGHLAND MORTGAGE
Servicer
HIGHLAND MORTGAGE

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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