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Cherrylee Gardens

FHA Acquisition & Refinance

Endorsed February 25, 2021

FHA #12211449

Deal Details

Location: EL MONTE, California
Mortgage Amount: $14.2M
Units: 77
Program: Acquisition & Refinance
Lender: PNC Bank, N.A.
Fiscal Year: FY2021
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $12.7M($14.2M original)
Interest Rate: 2.08%
Maturity: March 2056(30 years remaining)
Original Term: 35 years
Holder: PNC Bank, N.A.
Servicer: PNC Bank, N.A.

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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