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Academy on 4th

FHA New Construction & Substantial Rehab

Endorsed March 20, 2018

FHA #08335751

Deal Details

Location
NEWPORT, Kentucky
Mortgage Amount
$35.7M
Units
202
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2018

Current Loan Status

Active
Outstanding Balance
$33.2M($35.7M original)
Interest Rate
3.64%
Maturity
April 2060(34 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

hud.gov multifamily data

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