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GLENDALE COURT APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed May 21, 2021

FHA #05336356

Deal Details

Location
GREENVILLE, North Carolina
Mortgage Amount
$9.0M
Units
99
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2021
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$8.5M($9.0M original)
Interest Rate
2.55%
Maturity
July 2062(36 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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