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Westerly III Apartments

FHA New Construction & Substantial Rehab

Endorsed May 28, 2014

FHA #04235683

Deal Details

Location
LAKEWOOD, Ohio
Mortgage Amount
$3.9M
Units
179
Program
New Construction & Substantial Rehab
Lender
ROSE COMMUNITY CAPITAL
Fiscal Year
FY2014
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$3.4M($3.9M original)
Interest Rate
4.05%
Maturity
November 2055(30 years remaining)
Original Term
40 years
Holder
ROSE COMMUNITY CAPITAL
Servicer
ROSE COMMUNITY CAPITAL

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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