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Northlake Farms
FHA Acquisition & Refinance
Endorsed August 31, 2016
FHA #07111400
Deal Details
- Location
- GURNEE, Illinois
- Mortgage Amount
- $14.8M
- Units
- 222
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2016
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $12.3M($14.8M original)
- Interest Rate
- 3.28%
- Maturity
- September 2051(25 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