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Catalon at Lago Mar Apartments Phase II

FHA New Construction & Substantial Rehab

Endorsed July 29, 2019

FHA #11435784

Deal Details

Location
HOUSTON, Texas
Mortgage Amount
$20.0M
Units
170
Program
New Construction & Substantial Rehab
Lender
DAVIS-PENN MTGE
Fiscal Year
FY2019

Current Loan Status

Active
Outstanding Balance
$18.8M($20.0M original)
Interest Rate
3.85%
Maturity
March 2061(35 years remaining)
Original Term
40 years
Holder
DAVIS-PENN MORTGAGE CO
Servicer
DAVIS-PENN MORTGAGE CO

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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