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REDLAND ARMS APARTMENTS

FHA Acquisition & Refinance

Endorsed December 31, 2019

FHA #06611225

Deal Details

Location: FLORIDA CITY, Florida
Mortgage Amount: $5.7M
Units: 66
Program: Acquisition & Refinance
Lender: Merchants Capital Corp.
Fiscal Year: FY2020
LIHTC: Yes

Current Loan Status

Active

Outstanding Balance: $5.1M($5.7M original)
Interest Rate: 3.16%
Maturity: January 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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