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SOMERSET APARTMENTS

FHA FHA-to-FHA Refinance

Endorsed September 26, 2012

FHA #04711119

Deal Details

Location
LANSING, Michigan
Mortgage Amount
$3.6M
Units
100
Program
FHA-to-FHA Refinance
Lender
PILLAR CAPITAL FINANCE LLC
Fiscal Year
FY2012

Current Loan Status

Active
Outstanding Balance
$2.5M($3.6M original)
Interest Rate
2.38%
Maturity
October 2047(22 years remaining)
Original Term
35 years
Holder
Grandbridge Real Estate Capital LLC
Servicer
Grandbridge Real Estate Capital 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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