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The Cove at Cooper Lakes

FHA Acquisition & Refinance

Endorsed January 29, 2021

FHA #04311270

Deal Details

Location
WESTERVILLE, Ohio
Mortgage Amount
$20.0M
Units
240
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2021

Current Loan Status

Active
Outstanding Balance
$18.1M($20.0M original)
Interest Rate
2.30%
Maturity
February 2056(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

hud.gov multifamily data

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