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Abbotts Creek Apartments

FHA Acquisition & Refinance

Endorsed February 15, 2022

FHA #05311547

Deal Details

Location
KERNERSVILLE, North Carolina
Mortgage Amount
$38.2M
Units
384
Program
Acquisition & Refinance
Lender
Wells Fargo Multifamily Capital
Fiscal Year
FY2022

Current Loan Status

Active
Outstanding Balance
$35.3M($38.2M original)
Interest Rate
2.19%
Maturity
March 2057(31 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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