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SHAWNEE LOFTS

FHA Acquisition & Refinance

Endorsed October 19, 2023

FHA #04311322

Deal Details

Location
LIMA, Ohio
Mortgage Amount
$2.3M
Units
54
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2024
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$2.2M($2.3M original)
Interest Rate
4.16%
Maturity
November 2058(33 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

hud.gov multifamily data

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