Status
Active
Place
Des Moines, IA, 50315
Type
Apartments
Program
221(d)(4) new construction or substantial rehabilitation
Apartments
90
First endorsed
Nov 30, 2023
Original loan
$3,780,000
Interest rate
7.00%
Term
480 months
Maturity
Sep 1, 2065
Monthly payment
$23,490
Balance
$3,760,609
Held by
Lument Real Estate Capital, Ll, Dallas, TX
Serviced by
Lument Real Estate Capital, Ll, Dallas, TX
Tax credits
Includes low-income housing tax credits

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 07435307. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.