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Brownstone Apartments

FHA New Construction & Substantial Rehab

Endorsed March 29, 2012

FHA #07335735

Deal Details

Location
INDIANAPOLIS, Indiana
Mortgage Amount
$1.9M
Units
95
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2012
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$1.5M($1.9M original)
Interest Rate
3.75%
Maturity
April 2053(27 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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