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Michigan Towers
FHA Acquisition & Refinance
Endorsed August 31, 2022
FHA #07111537
Deal Details
- Location
- CHICAGO, Illinois
- Mortgage Amount
- $4.4M
- Units
- 123
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2022
Current Loan Status
Active- Outstanding Balance
- $4.2M($4.4M original)
- Interest Rate
- 4.50%
- Maturity
- September 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
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