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PARK TOWERS
FHA Acquisition & Refinance
Endorsed January 11, 2024
FHA #07211330
Deal Details
- Location
- SPRINGFIELD, Illinois
- Mortgage Amount
- $4.3M
- Units
- 104
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2024
Current Loan Status
Active- Outstanding Balance
- $4.2M($4.3M original)
- Interest Rate
- 5.92%
- Maturity
- February 2059(33 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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