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NORTH HARRISON SENIOR APARTMENTS
FHA Acquisition & Refinance
Endorsed September 22, 2020
FHA #07311989
Deal Details
- Location
- SHELBYVILLE, Indiana
- Mortgage Amount
- $1.6M
- Units
- 42
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2020
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $1.4M($1.6M original)
- Interest Rate
- 2.37%
- Maturity
- October 2055(30 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
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