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NEWMAN COURT APARTMENTS

FHA Acquisition & Refinance

Endorsed November 8, 2017

FHA #04411425

Deal Details

Location
PONTIAC, Michigan
Mortgage Amount
$9.9M
Units
172
Program
Acquisition & Refinance
Lender
Dwight Capital
Fiscal Year
FY2018
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$8.5M($9.9M original)
Interest Rate
3.22%
Maturity
December 2052(27 years remaining)
Original Term
35 years
Holder
Midland States Bank
Servicer
Midland States Bank

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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