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Dakota Ridge I and II

FHA Acquisition & Refinance

Endorsed May 27, 2015

FHA #07311818

Deal Details

Location
INDIANAPOLIS, Indiana
Mortgage Amount
$18.7M
Units
272
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2015

Current Loan Status

Active
Outstanding Balance
$14.9M($18.7M original)
Interest Rate
2.95%
Maturity
June 2050(24 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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