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Catalon at Lago Mar Apartments
FHA New Construction & Substantial Rehab
Endorsed January 27, 2016
FHA #11435737
Deal Details
- Location
- TEXAS CITY, Texas
- Mortgage Amount
- $25.3M
- Units
- 230
- Lender
- DAVIS-PENN MTGE
- Fiscal Year
- FY2016
Current Loan Status
Active- Outstanding Balance
- $22.3M($25.3M original)
- Interest Rate
- 2.90%
- Maturity
- August 2057(31 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