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ARBOURS AT COVINGTON

FHA New Construction & Substantial Rehab

Endorsed May 1, 2020

FHA #06135905

Deal Details

Location: COVINGTON, Georgia
Mortgage Amount: $14.2M
Units: 180
Program: New Construction & Substantial Rehab
Lender: Merchants Capital Corp.
Fiscal Year: FY2020
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $15.6M($14.2M original)
Interest Rate: 3.74%
Maturity: March 2062(36 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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