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ARBOURS AT HESTER LAKE

FHA New Construction & Substantial Rehab

Endorsed October 24, 2019

FHA #06735566

Deal Details

Location
DADE CITY, Florida
Mortgage Amount
$5.2M
Units
80
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2020
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$4.9M($5.2M original)
Interest Rate
3.60%
Maturity
May 2061(35 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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