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LIMA APARTMENTS

FHA Acquisition & Refinance

Endorsed September 25, 2020

FHA #04311263

Deal Details

Location
LIMA, Ohio
Mortgage Amount
$2.6M
Units
70
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2020
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$2.3M($2.6M original)
Interest Rate
2.43%
Maturity
October 2055(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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