← Back to FHA deals
Lift at Jordan Creek
FHA New Construction & Substantial Rehab
Endorsed June 29, 2018
FHA #07435300
Deal Details
- Location
- WEST DES MOINES, Iowa
- Mortgage Amount
- $17.9M
- Units
- 180
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2018
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $16.4M($17.9M original)
- Interest Rate
- 3.30%
- Maturity
- October 2059(34 years remaining)
- Original Term
- 40 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
Related Deals
Other FHA deals in WEST DES MOINES, IA
Merchants Capital Corp.223(f) Purchase/Refi
$17.1MNorthmarq223(f) Purchase/Refi
$15.0MNorthmarq223(f) Purchase/Refi
$5.2MGERSHMAN INVESTMENT223(f) Purchase/Refi
$7.0MGERSHMAN INVESTMENT223(f) Purchase/Refi
$18.4M