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WEST CUMBERLAND APARTMENTS
FHA Acquisition & Refinance
Endorsed June 11, 2025
FHA #05311603
Deal Details
- Location
- FAYETTEVILLE, North Carolina
- Mortgage Amount
- $2.6M
- Units
- 64
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2025
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $2.6M($2.6M original)
- Interest Rate
- 5.96%
- Maturity
- July 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
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