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Spruce Hill Apartments

FHA Acquisition & Refinance

Endorsed June 30, 2016

FHA #05311368

Deal Details

Location
ASHEVILLE, North Carolina
Mortgage Amount
$11.0M
Units
174
Program
Acquisition & Refinance
Lender
BWE
Fiscal Year
FY2016
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$9.1M($11.0M original)
Interest Rate
3.19%
Maturity
July 2051(25 years remaining)
Original Term
35 years
Holder
BWE
Servicer
BWE

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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