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CARPENTER PLACE APARTMENTS
FHA New Construction & Substantial Rehab
Endorsed December 10, 2021
FHA #04435734
Deal Details
- Location
- YPSILANTI, Michigan
- Mortgage Amount
- $24.1M
- Units
- 151
- Lender
- PGIM Real Estate
- Fiscal Year
- FY2022
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $23.1M($24.1M original)
- Interest Rate
- 2.69%
- Maturity
- April 2063(37 years remaining)
- Original Term
- 40 years
- Holder
- PGIM Real Estate
- Servicer
- PGIM Real Estate
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
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