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Summerfield Townhouses

FHA New Construction & Substantial Rehab

Endorsed November 16, 2022

FHA #01735333

Deal Details

Location: EAST HARTFORD, Connecticut
Mortgage Amount: $44.0M
Units: 394
Program: New Construction & Substantial Rehab
Lender: Merchants Capital Corp.
Fiscal Year: FY2023
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $43.5M($44.0M original)
Interest Rate: 4.50%
Maturity: November 2064(39 years remaining)
Original Term: 40 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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