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River Bend Apartments

FHA Acquisition & Refinance

Endorsed June 30, 2020

FHA #07311978

Deal Details

Location
LOGANSPORT, Indiana
Mortgage Amount
$4.7M
Units
100
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2020

Current Loan Status

Active
Outstanding Balance
$4.2M($4.7M original)
Interest Rate
2.63%
Maturity
July 2055(29 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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