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Forest Hill House

FHA New Construction & Substantial Rehab

Endorsed May 15, 2024

FHA #03135335

Deal Details

Location
Newark, New Jersey
Mortgage Amount
$18.9M
Units
99
Program
New Construction & Substantial Rehab
Lender
ROCKPORT MORTGAGE
Fiscal Year
FY2024
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$18.9M
Interest Rate
5.70%
Maturity
January 2066(40 years remaining)
Original Term
40 years
Holder
Lument
Servicer
Lument

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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