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RESIDENCES at 150 BAGLEY

FHA New Construction & Substantial Rehab

Endorsed March 10, 2022

FHA #04435715

Deal Details

Location
DETROIT, Michigan
Mortgage Amount
$42.3M
Units
148
Program
New Construction & Substantial Rehab
Lender
GERSHMAN INVESTMENT
Fiscal Year
FY2022

Current Loan Status

Active
Outstanding Balance
$42.3M
Interest Rate
2.84%
Maturity
August 2064(38 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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