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Ciudad Feliz Aparments

FHA Acquisition & Refinance

Endorsed February 26, 2016

FHA #05611031

Deal Details

Location
Cantano, Puerto Rico
Mortgage Amount
$3.6M
Units
130
Program
Acquisition & Refinance
Lender
RICHMAC FUNDING LLC
Fiscal Year
FY2016
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$3.0M($3.6M original)
Interest Rate
3.68%
Maturity
March 2051(25 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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