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Villa Mercede Senior Apartments

FHA Acquisition & Refinance

Endorsed June 12, 2014

FHA #04211258

Deal Details

Location
Cleveland, Ohio
Mortgage Amount
$3.1M
Units
149
Program
Acquisition & Refinance
Lender
BWE
Fiscal Year
FY2014

Current Loan Status

Active
Outstanding Balance
$2.5M($3.1M original)
Interest Rate
4.50%
Maturity
July 2049(23 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

hud.gov multifamily data

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