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LAKE SHORE APARTMENTS

FHA Acquisition & Refinance

Endorsed February 25, 2021

FHA #04411488

Deal Details

Location
YPSILANTI, Michigan
Mortgage Amount
$75.0M
Units
1,024
Program
Acquisition & Refinance
Lender
GERSHMAN INVESTMENT
Fiscal Year
FY2021

Current Loan Status

Active
Outstanding Balance
$67.8M($75.0M original)
Interest Rate
2.32%
Maturity
March 2056(30 years remaining)
Original Term
35 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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