← Back to FHA deals

Timbers of Shorewood

FHA Acquisition & Refinance

Endorsed January 28, 2021

FHA #07111497

Deal Details

Location: SHOREWOOD, Illinois
Mortgage Amount: $12.3M
Units: 94
Program: Acquisition & Refinance
Lender: Merchants Capital Corp.
Fiscal Year: FY2021

Current Loan Status

Active

Outstanding Balance: $11.1M($12.3M original)
Interest Rate: 2.25%
Maturity: February 2056(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

Related Deals

Other FHA deals in SHOREWOOD, IL

OPPENHEIMER MF HSG & HCARE223(f) Purchase/Refi

Greystone223(a)(7) Refi

CAPMARK FINANCE, INCNew Const/Rehab

Other deals by Merchants Capital Corp.

HOLLAND, MI223(f) Purchase/Refi

EVANSTON, IL223(f) Purchase/Refi

North Grafton, MA223(f) Purchase/Refi

Defuniak Springs, FLNew Const/Rehab

SAN ANTONIO, TXNew Const/Rehab