← Back to FHA deals

The Creek at Cottonwood

FHA New Construction & Substantial Rehab

Endorsed March 12, 2020

FHA #10135793

Deal Details

Location
COLORADO SPRINGS, Colorado
Mortgage Amount
$42.9M
Units
258
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2020
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$40.6M($42.9M original)
Interest Rate
2.25%
Maturity
September 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

Related Deals

Other FHA deals in COLORADO SPRINGS, CO

Dwight Capital223(f) Purchase/Refi
$48.4M
COLORADO HFARisk Sharing
$7.0M
Dwight Capital223(f) Purchase/Refi
$38.4M
Lument223(f) Purchase/Refi
$5.5M
LumentNew Const/Rehab
$53.7M

Other deals by Merchants Capital Corp.

HOLLAND, MI223(f) Purchase/Refi
$61.9M
EVANSTON, IL223(f) Purchase/Refi
$6.4M
North Grafton, MA223(f) Purchase/Refi
$9.2M
Defuniak Springs, FLNew Const/Rehab
$5.5M
SAN ANTONIO, TXNew Const/Rehab
$47.8M