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Berrien Woods III
FHA Acquisition & Refinance
Endorsed December 28, 2017
FHA #04711217
Deal Details
- Location
- NILES, Michigan
- Mortgage Amount
- $5.6M
- Units
- 128
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2018
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $4.8M($5.6M original)
- Interest Rate
- 3.25%
- Maturity
- January 2053(27 years remaining)
- Original Term
- 35 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
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