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Gulfway Manor Apartments

FHA New Construction & Substantial Rehab

Endorsed August 28, 2024

FHA #11536038

Deal Details

Location
Corpus Christi, Texas
Mortgage Amount
$24.3M
Units
151
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2024
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$24.3M
Interest Rate
5.68%
Maturity
December 2065(40 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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