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PELICAN ISLES APARTMENTS
FHA Acquisition & Refinance
Endorsed December 23, 2019
FHA #06711319
Deal Details
- Location
- Sebastian, Florida
- Mortgage Amount
- $7.8M
- Units
- 150
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2020
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $6.9M($7.8M original)
- Interest Rate
- 3.16%
- Maturity
- January 2055(29 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