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26 CHERRY STREET APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed December 20, 2012

FHA #04735252

Deal Details

Location
GRAND RAPIDS, Michigan
Mortgage Amount
$1.6M
Units
45
Program
New Construction & Substantial Rehab
Lender
PILLAR CAPITAL FINANCE LLC
Fiscal Year
FY2013
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$1.3M($1.6M original)
Interest Rate
3.07%
Maturity
June 2054(28 years remaining)
Original Term
40 years
Holder
Grandbridge Real Estate Capital LLC
Servicer
Grandbridge Real Estate Capital LLC

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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