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NEW LIFE MANOR APARTMENTS
FHA Acquisition & Refinance
Endorsed October 31, 2016
FHA #07311874
Deal Details
- Location
- INDIANAPOLIS, Indiana
- Mortgage Amount
- $1.5M
- Units
- 48
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2017
Current Loan Status
Active- Outstanding Balance
- $1.3M($1.5M original)
- Interest Rate
- 2.90%
- Maturity
- November 2051(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
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