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River Tower Apartments

FHA New Construction & Substantial Rehab

Endorsed January 27, 2004

FHA #04435581

Deal Details

Location
DETROIT, Michigan
Mortgage Amount
$16.1M
Units
469
Program
New Construction & Substantial Rehab
Lender
PILLAR CAPITAL FINANCE LLC
Fiscal Year
FY2004
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$9.3M($12.7M original)
Interest Rate
5.12%
Maturity
December 2045(20 years remaining)
Original Term
40 years
Holder
Grandbridge Real Estate Capital LLC
Servicer
Grandbridge Real Estate Capital LLC

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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