Fannie Mae is suing the owners of a south Sacramento apartment complex alleging they’re defaulting on their loans.
The Federal National Mortgage Association filed the suit earlier this month in Sacramento Superior Court against Hillside Apartments LLC, and its managers — Wei Feng and Asad Khan, both of Sacramento.
The $12.8 million loan agreement was signed November 2023, according to the lawsuit. The loan was secured by the 120-unit affordable apartment complex at 6267 Martin Luther King Jr. Blvd. called Summerset Apartments…