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Springs Apartments

FHA New Construction & Substantial Rehab

Endorsed May 15, 2018

FHA #11335737

Deal Details

Location
BALCH SPRINGS, Texas
Mortgage Amount
$20.7M
Units
221
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2018
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$19.2M($20.7M original)
Interest Rate
3.44%
Maturity
March 2060(34 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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