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Waters at Magnolia Bay

FHA FHA-to-FHA Refinance

Endorsed July 29, 2021

FHA #05435898

Deal Details

Location
SUMMERVILLE, South Carolina
Mortgage Amount
$21.3M
Units
300
Program
FHA-to-FHA Refinance
Lender
Lument
Fiscal Year
FY2021
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$20.0M($21.3M original)
Interest Rate
3.15%
Maturity
August 2061(35 years remaining)
Original Term
40 years
Holder
Lument
Servicer
Lument

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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