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Sunrise Pointe

FHA Acquisition & Refinance

Endorsed November 21, 2024

FHA #07411228

Deal Details

Location
STORM LAKE, Iowa
Mortgage Amount
$15.9M
Units
170
Program
Acquisition & Refinance
Lender
GERSHMAN INVESTMENT
Fiscal Year
FY2025

Current Loan Status

Active
Outstanding Balance
$15.5M($15.9M original)
Interest Rate
5.25%
Maturity
December 2059(34 years remaining)
Original Term
35 years
Holder
GERSHMAN INVESTMENT
Servicer
GERSHMAN INVESTMENT

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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