← Back to FHA deals

Emerald Pointe Apartments

FHA Acquisition & Refinance

Endorsed October 24, 2022

FHA #07211289

Deal Details

Location
SOUTH BEND, Indiana
Mortgage Amount
$10.6M
Units
168
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2023
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$10.2M($10.6M original)
Interest Rate
4.27%
Maturity
November 2057(32 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

Related Deals

Other FHA deals in SOUTH BEND, IN

Other deals by Merchants Capital Corp.