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THE CLUB APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed February 16, 2023

FHA #05336428

Deal Details

Location
LEXINGTON, North Carolina
Mortgage Amount
$10.9M
Units
87
Program
New Construction & Substantial Rehab
Lender
Berkadia Commercial Mortgage LLC
Fiscal Year
FY2023
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$10.8M($10.9M original)
Interest Rate
5.62%
Maturity
July 2064(38 years remaining)
Original Term
40 years
Holder
Berkadia Commercial Mortgage LLC
Servicer
Berkadia Commercial Mortgage 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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