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2007 Ashland Apartments

FHA Acquisition & Refinance

Endorsed December 12, 2025

FHA #07111575

Deal Details

Location
EVANSTON, Illinois
Mortgage Amount
$6.4M
Units
30
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2026

Current Loan Status

Active
Outstanding Balance
$6.4M($6.4M original)
Interest Rate
5.56%
Maturity
January 2061(35 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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