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Riverside Lofts at Federal City

FHA New Construction & Substantial Rehab

Endorsed June 27, 2025

FHA #06435758

Deal Details

Location
NEW ORLEANS, Louisiana
Mortgage Amount
$7.1M
Units
60
Program
New Construction & Substantial Rehab
Lender
HIGHLAND COMMERCIAL MTGE
Fiscal Year
FY2025

Current Loan Status

Active
Outstanding Balance
$7.1M
Interest Rate
6.18%
Maturity
February 2067(41 years remaining)
Original Term
40 years
Holder
HIGHLAND MORTGAGE
Servicer
HIGHLAND MORTGAGE

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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