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ROMULUS TOWER

FHA Acquisition & Refinance

Endorsed June 25, 2024

FHA #04411580

Deal Details

Location
ROMULUS, Michigan
Mortgage Amount
$10.9M
Units
125
Program
Acquisition & Refinance
Lender
Lument
Fiscal Year
FY2024
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$10.8M($10.9M original)
Interest Rate
5.97%
Maturity
July 2059(33 years remaining)
Original Term
35 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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