Status
Active
Place
Cedar Rapids, IA, 52401
Type
Apartments
Program
223(f) purchase or refinance of apartments
Apartments
26
First endorsed
May 8, 2023
Original loan
$3,184,300
Interest rate
5.49%
Term
420 months
Maturity
Jun 1, 2058
Monthly payment
$17,079
Balance
$3,074,350
Held by
Gershman Investment Corp, Chesterfield, MO
Serviced by
Gershman Investment Corp, Chesterfield, MO

The balance is HUD's own amortization-schedule figure, assuming every payment is made on time. It can differ from a servicer's statement. Terminated loans carry no balance. HUD names the current holder and the current servicer of each loan, not the lender that made it. A loan that was sold shows under its buyer, so a company's balance here is what it holds or services today.

HUD project number 07411199. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.