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ABBEY CROSSING

FHA Acquisition & Refinance

Endorsed November 13, 2024

FHA #05311598

Deal Details

Location
HIGH POINT, North Carolina
Mortgage Amount
$2.2M
Units
48
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2025
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$2.1M($2.2M original)
Interest Rate
5.25%
Maturity
December 2059(34 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

hud.gov multifamily data

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