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Galena Park Terrace Apartments
FHA New Construction & Substantial Rehab
Endorsed June 29, 2016
FHA #07235689
Deal Details
- Location
- PEORIA HEIGHTS, Illinois
- Mortgage Amount
- $6.8M
- Units
- 127
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2016
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $6.0M($6.8M original)
- Interest Rate
- 3.47%
- Maturity
- November 2057(32 years remaining)
- Original Term
- 40 years
- Holder
- Merchants Capital Corp.
- Servicer
- Merchants Capital Corp.
Source: HUD BF90 Active Insured Mortgages · Data as of February 2026
Data Sources
Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database
Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026