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Crystal Lake Apartments
FHA Acquisition & Refinance
Endorsed November 30, 2021
FHA #07111525
Deal Details
- Location
- CRYSTAL LAKE, Illinois
- Mortgage Amount
- $13.0M
- Units
- 220
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2022
Current Loan Status
Active- Outstanding Balance
- $11.9M($13.0M original)
- Interest Rate
- 2.25%
- Maturity
- December 2056(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
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