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THE VILLAS ON FIR

FHA Acquisition & Refinance

Endorsed January 19, 2022

FHA #07211263

Deal Details

Location
Granger, Indiana
Mortgage Amount
$52.5M
Units
290
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2022

Current Loan Status

Active
Outstanding Balance
$48.7M($52.5M original)
Interest Rate
2.73%
Maturity
February 2057(31 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

hud.gov multifamily data

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