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IRONWOOD APARTMENT HOMES

FHA Acquisition & Refinance

Endorsed June 20, 2024

FHA #08611144

Deal Details

Location
LEBANON, Tennessee
Mortgage Amount
$28.5M
Units
186
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2024
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$27.8M($28.5M original)
Interest Rate
2.79%
Maturity
July 2059(33 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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