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The Ithacan

FHA Acquisition & Refinance

Endorsed May 30, 2024

FHA #01411352

Deal Details

Location
ITHACA, New York
Mortgage Amount
$57.8M
Units
200
Program
Acquisition & Refinance
Lender
BRAVO CAPITAL, LLC
Fiscal Year
FY2024

Current Loan Status

Active
Outstanding Balance
$56.1M($57.8M original)
Interest Rate
6.00%
Maturity
June 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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