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Joshua Arms Senior Residences

FHA Acquisition & Refinance

Endorsed June 20, 2017

FHA #07111423

Deal Details

Location
JOLIET, Illinois
Mortgage Amount
$8.4M
Units
242
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2017

Current Loan Status

Active
Outstanding Balance
$6.4M($8.4M original)
Interest Rate
3.38%
Maturity
July 2052(26 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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