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SOUTH SHORE APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed June 7, 2023

FHA #07135961

Deal Details

Location: CHICAGO, Illinois
Mortgage Amount: $54.0M
Units: 446
Program: New Construction & Substantial Rehab
Lender: Wells Fargo Multifamily Capital
Fiscal Year: FY2023
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $53.6M($54.0M original)
Interest Rate: 5.01%
Maturity: April 2065(39 years remaining)
Original Term: 40 years
Holder: Wells Fargo Multifamily Capital
Servicer: Wells Fargo Multifamily 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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