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Residences at Boland Place Apartments

FHA New Construction & Substantial Rehab

Endorsed December 18, 2018

FHA #08535566

Deal Details

Location
RICHMOND HEIGHTS, Missouri
Mortgage Amount
$37.7M
Units
183
Program
New Construction & Substantial Rehab
Lender
GERSHMAN INVESTMENT
Fiscal Year
FY2019

Current Loan Status

Active
Outstanding Balance
$35.1M($37.7M original)
Interest Rate
3.17%
Maturity
October 2060(35 years remaining)
Original Term
40 years
Holder
GERSHMAN INVESTMENT
Servicer
GERSHMAN INVESTMENT

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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