555 5TH AVENUE

Property · multifamily · Lihtc affordable· DES MOINES, IA, 50309-2313

As of Aug 28, 2026 · this record's last observation

2 relationships · Aug 28, 2026 to Aug 28, 2026 observedAll 2

Relationships: 2
Observed: Aug 28, 2026 to Aug 28, 2026

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As of Aug 28, 2026 · this record's last observation

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Data as of Aug 28, 2026 (this record's last observation) from Federal programme debt and subsidy; Securitised debt and banks; Assessor and registry layers; Federal tenancy. Page built Oct 29, 2026, 11:40 AM UTC and rebuilt at most every 15 minutes.

What matters now

in 415 months
to maturity
A $8.6M FHA insured mortgage loan from GREYSTONE FUNDING matures May 2061.
a dated refinancing decision, with the lender known
Factthe loan tape, maturity confirmed

Where it is

DES MOINES, Iowa

Watch the loans on this building and every maturity like them

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Address: 555 5TH AVENUE
Property type: multifamily
Units: 139
Year built: 2015
Records at this address: 1derivedone street address can carry several records

Subsidised housing

HUD Picture of Subsidized Households, Q4 2025; 1 assistance contract; 139 assisted units

Ligutti Tower

Project Based Section 8, 202/8 · Q4 2025

Assisted units: 139
Occupied units: 130
Occupancy: 93%
Average tenant rent: $383 a month
Average HUD spend: $854 a month
Average household income: $16,019 a year
Average tenure: 80 months
Households reporting: 97%

HUD withholds tenant measures for small projects and for those with too few households reporting, so a measure missing from a contract above was not published, not zero.

Debt

programme and CMBS lending only; absence is not absence of debt

Instrument	Lender	Original	Current	Originated	Matures	Basis
FHA insured mortgage	GREYSTONE FUNDING	$9.3M	$8.6M	Apr 30, 2021	May 1, 2061	confirmed

Comparable transactions

Observed exact comps

430 GRAND AVEHUD FHA-insured loan on a multifamily property, 150 units, DES MOINES IAoriginated Jul 29, 2021$6.1M loan amount
Similar because: same property type (multifamily), same city (DES MOINES), similar size (150 units), built within ten years (2014), same financing (HUD FHA-insured), 3 months apart
3330 E 25th StHUD FHA-insured loan on a multifamily property, 108 units, Des Moines IAoriginated Mar 30, 2021$4.1M loan amount
Similar because: same property type (multifamily), same city (Des Moines), similar size (108 units), same financing (HUD FHA-insured), 1 month apart

Near comps

901 N 35th StHUD FHA-insured loan on a multifamily property, 147 units, Council Bluffs IAoriginated Mar 28, 2018$8.1M loan amount
Similar because: same property type (multifamily), same state (IA), similar size (147 units), loan amount within half ($8.1M), same financing (HUD FHA-insured)
6705 SE 5th StHUD FHA-insured loan on a multifamily property, 90 units, Des Moines IAoriginated Dec 18, 2025$3.8M loan amount
Similar because: same property type (multifamily), same city (Des Moines), size within a factor of two (90 units), same financing (HUD FHA-insured)

Broader reference transactions

1100 Cummins RdHUD FHA-insured loan on a multifamily property, 197 units, Des Moines IAoriginated Oct 31, 2012$6.9M loan amount
Similar because: same property type (multifamily), same city (Des Moines), similar size (197 units), loan amount within half ($6.9M), same financing (HUD FHA-insured)
2400 30th StHUD FHA-insured loan on a multifamily property, 82 units, Des Moines IAoriginated Oct 13, 2006$2.5M loan amount
Similar because: same property type (multifamily), same city (Des Moines), size within a factor of two (82 units), same financing (HUD FHA-insured)

Values print only where a source disclosed them; no multiple or price is estimated. Candidates as of Oct 1, 2026.

Who owns it, who lent, who to call

each hop with the filing it comes from; a name match alone is never a hop

Next maturity May 1, 2061, $8.6M with GREYSTONE FUNDING. Start with the owner of record, LT Associates LP.

Financing: 1 open of 1 loan on the tapes DFX readsthe next to mature →
Lender: GREYSTONE FUNDING
Owner: LT Associates LPowner of record, owner record behind the loan, Aug 11, 2026filing
Other owners of this kind of property in this state →The Des Moines-West Des Moines, IA market: lenders, owners and what comes due →
Above the owner: no filing DFX holds names one
People: no person named behind the owner

Nothing DFX holds names who stands behind the owner. A single-purpose company formed in Delaware discloses no members, so the next step up needs a filing in another state, a securities filing or a lender document.
No person is named behind the owner in any filing DFX holds.

Property manager of (1)

← NEWBURY MANAGEMENTOrganization
observedFederal program and statistical data

Owns (1)

← LT ASSOCIATESOrganizationowner of record (HUD owner participant)
Apr 29, 2014 to presentverifiedFederal program and statistical data

Dated events

No dated event names this entity yet.

Provenance

Graph: Real Estate
Canonical id
First observed: Aug 28, 2026
Last observed: Aug 28, 2026 2 months ago
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Instrument

Lender

Original

Current

Originated

Matures

Basis

FHA insured mortgage

GREYSTONE FUNDING

$9.3M

$8.6M

Apr 30, 2021

May 1, 2061

confirmed