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Seaford Meadows Apartments
FHA Acquisition & Refinance
Endorsed April 10, 2025
FHA #03211077
Deal Details
- Location
- SEAFORD, Delaware
- Mortgage Amount
- $12.0M
- Units
- 120
- Program
- Acquisition & Refinance
- Lender
- ADROC CAPITAL, LLC
- Fiscal Year
- FY2025
Current Loan Status
Active- Outstanding Balance
- $11.9M($12.0M original)
- Interest Rate
- 5.77%
- Maturity
- May 2060(34 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