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INSIGNIA APARTMENTS

FHA Acquisition & Refinance

Endorsed August 23, 2024

FHA #04411579

Deal Details

Location
CLARKSTON, Michigan
Mortgage Amount
$23.0M
Units
112
Program
Acquisition & Refinance
Lender
Lument
Fiscal Year
FY2024

Current Loan Status

Active
Outstanding Balance
$22.7M($23.0M original)
Interest Rate
5.92%
Maturity
September 2059(33 years remaining)
Original Term
35 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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