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AUSABLE VALLEY APARTMENTS

FHA Acquisition & Refinance

Endorsed September 18, 2014

FHA #04811056

Deal Details

Location: FAIRVIEW, Michigan
Mortgage Amount: $1.8M
Units: 60
Program: Acquisition & Refinance
Lender: SIMS MORTGAGE FUNDING
Fiscal Year: FY2014

Current Loan Status

Active

Outstanding Balance: $1.4M($1.8M original)
Interest Rate: 3.73%
Maturity: October 2049(24 years remaining)
Original Term: 35 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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