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SALEM PLACE APARTMENT
FHA Acquisition & Refinance
Endorsed May 23, 2022
FHA #07211269
Deal Details
- Location
- Daleville, Indiana
- Mortgage Amount
- $1.6M
- Units
- 64
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2022
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $1.5M($1.6M original)
- Interest Rate
- 2.68%
- Maturity
- June 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