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Culebra Creek Apartments

FHA New Construction & Substantial Rehab

Endorsed July 25, 2019

FHA #11535839

Deal Details

Location: SAN ANTONIO, Texas
Mortgage Amount: $34.5M
Units: 312
Program: New Construction & Substantial Rehab
Lender: Merchants Capital Corp.
Fiscal Year: FY2019
LIHTC: Yes

Current Loan Status

Active

Outstanding Balance: $32.4M($34.5M original)
Interest Rate: 2.59%
Maturity: January 2062(36 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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