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Oak Terrace Apartments
FHA New Construction & Substantial Rehab
Endorsed December 20, 2023
FHA #05135865
Deal Details
- Location
- SUFFOLK, Virginia
- Mortgage Amount
- $13.6M
- Units
- 120
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2024
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $13.6M
- Interest Rate
- 6.20%
- Maturity
- August 2065(39 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
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