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Lovington Trails Apartments

FHA Acquisition & Refinance

Endorsed October 8, 2019

FHA #11611045

Deal Details

Location
LOVINGTON, New Mexico
Mortgage Amount
$6.4M
Units
64
Program
Acquisition & Refinance
Lender
DAVIS-PENN MTGE
Fiscal Year
FY2020

Current Loan Status

Active
Outstanding Balance
$5.7M($6.4M original)
Interest Rate
3.00%
Maturity
November 2054(29 years remaining)
Original Term
35 years
Holder
DAVIS-PENN MORTGAGE CO
Servicer
DAVIS-PENN MORTGAGE CO

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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