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Covington Way
FHA Acquisition & Refinance
Endorsed November 9, 2015
FHA #05311360
Deal Details
- Location
- Wilkesboro, North Carolina
- Mortgage Amount
- $1.5M
- Units
- 64
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2016
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $1.2M($1.5M original)
- Interest Rate
- 3.35%
- Maturity
- December 2050(25 years remaining)
- Original Term
- 35 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