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Trails at Leon Creek Apartments

FHA New Construction & Substantial Rehab

Endorsed August 9, 2018

FHA #11535803

Deal Details

Location: SAN ANTONIO, Texas
Mortgage Amount: $35.0M
Units: 296
Program: New Construction & Substantial Rehab
Lender: Merchants Capital Corp.
Fiscal Year: FY2018
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $32.3M($35.0M original)
Interest Rate: 2.66%
Maturity: December 2060(35 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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