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Tower Apartments

FHA Acquisition & Refinance

Endorsed June 29, 2015

FHA #09111017

Deal Details

Location: WATERTOWN, South Dakota
Mortgage Amount: $1.5M
Units: 50
Program: Acquisition & Refinance
Lender: Wells Fargo Multifamily Capital
Fiscal Year: FY2015
LIHTC: Yes

Current Loan Status

Active

Outstanding Balance: $1.2M($1.5M original)
Interest Rate: 3.04%
Maturity: July 2050(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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