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Elan at Terra Bella

FHA New Construction & Substantial Rehab

Endorsed May 24, 2018

FHA #06435647

Deal Details

Location
COVINGTON, Louisiana
Mortgage Amount
$26.2M
Units
178
Program
New Construction & Substantial Rehab
Lender
Wells Fargo Multifamily Capital
Fiscal Year
FY2018

Current Loan Status

Active
Outstanding Balance
$24.2M($26.2M original)
Interest Rate
3.13%
Maturity
May 2060(34 years remaining)
Original Term
40 years
Holder
Wells Fargo Multifamily Capital
Servicer
Wells Fargo Multifamily Capital

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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