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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
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