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Cane Creek Apartments

FHA New Construction & Substantial Rehab

Endorsed October 1, 2014

FHA #06235734

Deal Details

Location: ANNISTON, Alabama
Mortgage Amount: $5.3M
Units: 138
Program: New Construction & Substantial Rehab
Lender: Merchants Capital Corp.
Fiscal Year: FY2015
LIHTC: Yes

Current Loan Status

Active

Outstanding Balance: $4.6M($5.3M original)
Interest Rate: 3.40%
Maturity: May 2056(30 years remaining)
Original Term: 40 years
Holder: HIGHLAND MORTGAGE
Servicer: HIGHLAND MORTGAGE

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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