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Villas at Crystal Lake

FHA FHA-to-FHA Refinance

Endorsed December 19, 2019

FHA #07235691

Deal Details

Location
Swansea, Illinois
Mortgage Amount
$23.4M
Units
216
Program
FHA-to-FHA Refinance
Lender
GERSHMAN INVESTMENT
Fiscal Year
FY2020

Current Loan Status

Active
Outstanding Balance
$21.3M($23.4M original)
Interest Rate
2.95%
Maturity
January 2060(34 years remaining)
Original Term
40 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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