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COVERED BRIDGES
FHA Acquisition & Refinance
Endorsed May 18, 2023
FHA #07111543
Deal Details
- Location
- CAROL STREAM, Illinois
- Mortgage Amount
- $18.3M
- Units
- 362
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2023
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $17.7M($18.3M original)
- Interest Rate
- 4.95%
- Maturity
- June 2058(32 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