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Santiago Estates

FHA New Construction & Substantial Rehab

Endorsed November 15, 2023

FHA #11536017

Deal Details

Location
AUSTIN, Texas
Mortgage Amount
$56.9M
Units
300
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2024
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$56.9M
Interest Rate
4.39%
Maturity
November 2066(41 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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