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THE HUB ON HARRIS

FHA New Construction & Substantial Rehab

Endorsed August 12, 2021

FHA #05336361

Deal Details

Location
CHARLOTTE, North Carolina
Mortgage Amount
$32.0M
Units
216
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2021
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$31.0M($32.0M original)
Interest Rate
2.25%
Maturity
February 2064(38 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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