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Clarendon Hill Towers

FHA Acquisition & Refinance

Endorsed March 20, 2024

FHA #02311740

Deal Details

Location
Somerville, Massachusetts
Mortgage Amount
$51.0M
Units
501
Program
Acquisition & Refinance
Lender
MASSACHUSETTS HFA
Fiscal Year
FY2024

Current Loan Status

Active
Outstanding Balance
$50.2M($51.0M original)
Interest Rate
6.40%
Maturity
April 2059(33 years remaining)
Original Term
35 years
Holder
MASSHOUSING
Servicer
MASSHOUSING

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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