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SPINNING MILL LOFTS

FHA New Construction & Substantial Rehab

Endorsed November 22, 2021

FHA #05336351

Deal Details

Location
CLAYTON, North Carolina
Mortgage Amount
$44.7M
Units
255
Program
New Construction & Substantial Rehab
Lender
Wells Fargo Multifamily Capital
Fiscal Year
FY2022

Current Loan Status

Active
Outstanding Balance
$43.4M($44.7M original)
Interest Rate
2.65%
Maturity
February 2064(38 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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