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ELMWOOD TOWERS

FHA Acquisition & Refinance

Endorsed August 27, 2013

FHA #04411316

Deal Details

Location
DETROIT, Michigan
Mortgage Amount
$1.4M
Units
168
Program
Acquisition & Refinance
Lender
PILLAR CAPITAL FINANCE LLC
Fiscal Year
FY2013
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$1.1M($1.4M original)
Interest Rate
4.08%
Maturity
September 2048(22 years remaining)
Original Term
35 years
Holder
Grandbridge Real Estate Capital LLC
Servicer
Grandbridge Real Estate Capital LLC

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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