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Wade Flats

FHA Acquisition & Refinance

Endorsed November 12, 2024

FHA #03411304

Deal Details

Location
PHILADELPHIA, Pennsylvania
Mortgage Amount
$6.8M
Units
37
Program
Acquisition & Refinance
Lender
Lument
Fiscal Year
FY2025

Current Loan Status

Active
Outstanding Balance
$6.7M($6.8M original)
Interest Rate
5.53%
Maturity
December 2059(34 years remaining)
Original Term
35 years
Holder
Lument
Servicer
Lument

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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