← Back to FHA deals

Arbours at Pierce Creek Apartments

FHA New Construction & Substantial Rehab

Endorsed July 24, 2015

FHA #06235745

Deal Details

Location
MOBILE, Alabama
Mortgage Amount
$1.5M
Units
70
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2015
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$1.3M($1.5M original)
Interest Rate
3.49%
Maturity
December 2056(31 years remaining)
Original Term
40 years
Holder
HIGHLAND MORTGAGE
Servicer
HIGHLAND MORTGAGE

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

Related Deals

Other FHA deals in MOBILE, AL

BWENew Const/Rehab
$6.0M
BWENew Const/Rehab
$14.8M
Dwight Capital223(f) Purchase/Refi
$3.1M
Greystone223(a)(7) Refi
$15.5M
Walker & Dunlop LLC223(a)(7) Refi
$18.9M

Other deals by Merchants Capital Corp.

HOLLAND, MI223(f) Purchase/Refi
$61.9M
EVANSTON, IL223(f) Purchase/Refi
$6.4M
North Grafton, MA223(f) Purchase/Refi
$9.2M
Defuniak Springs, FLNew Const/Rehab
$5.5M
SAN ANTONIO, TXNew Const/Rehab
$47.8M