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May River Village Phase II

FHA Acquisition & Refinance

Endorsed January 31, 2017

FHA #05411148

Deal Details

Location
BLUFFTON, South Carolina
Mortgage Amount
$1.5M
Units
40
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2017
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$1.2M($1.5M original)
Interest Rate
2.88%
Maturity
April 2046(20 years remaining)
Original Term
29 years, 2 months
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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