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TERRACE TOWERS APARTMENTS
FHA Acquisition & Refinance
Endorsed November 26, 2019
FHA #04211336
Deal Details
- Location
- EAST CLEVELAND, Ohio
- Mortgage Amount
- $5.2M
- Units
- 231
- Program
- Acquisition & Refinance
- Lender
- BWE
- Fiscal Year
- FY2020
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $4.6M($5.2M original)
- Interest Rate
- 3.00%
- Maturity
- December 2054(29 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