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Mill Stream Apartment Homes

FHA New Construction & Substantial Rehab

Endorsed February 17, 2023

FHA #11335974

Deal Details

Location
McKinney, Texas
Mortgage Amount
$34.4M
Units
240
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2023
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$34.4M
Interest Rate
3.64%
Maturity
December 2065(40 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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