Status
Active
Place
Storm Lake, IA, 50588
Type
Apartments
Program
223(f) purchase or refinance of apartments
Apartments
170
First endorsed
Nov 21, 2024
Original loan
$15,895,000
Interest rate
5.25%
Term
420 months
Maturity
Dec 1, 2059
Monthly payment
$95,333
Balance
$15,300,718
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 07411228. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.