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PINESHORES APARTMENTS

FHA Acquisition & Refinance

Endorsed December 20, 2011

FHA #04811034

Deal Details

Location
Mt. Morris Township, Michigan
Mortgage Amount
$3.3M
Units
120
Program
Acquisition & Refinance
Lender
PILLAR CAPITAL FINANCE LLC
Fiscal Year
FY2012
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$2.4M($3.3M original)
Interest Rate
2.60%
Maturity
January 2047(21 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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