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Riverside Village Family Apartments Phase I
FHA New Construction & Substantial Rehab
Endorsed December 18, 2019
FHA #03135332
Deal Details
- Location
- PATERSON, New Jersey
- Mortgage Amount
- $41.4M
- Units
- 165
- Lender
- Dwight Capital
- Fiscal Year
- FY2020
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $39.6M($41.4M original)
- Interest Rate
- 3.75%
- Maturity
- May 2062(36 years remaining)
- Original Term
- 40 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
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