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MCCORMICK PLACE
FHA New Construction & Substantial Rehab
Endorsed August 26, 2020
FHA #07335806
Deal Details
- Location
- FORT WAYNE, Indiana
- Mortgage Amount
- $8.2M
- Units
- 94
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2020
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $7.8M($8.2M original)
- Interest Rate
- 2.86%
- Maturity
- December 2062(37 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
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