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The Concord Apartments

FHA Acquisition & Refinance

Endorsed May 26, 2021

FHA #07511327

Deal Details

Location
RACINE, Wisconsin
Mortgage Amount
$14.0M
Units
240
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2021

Current Loan Status

Active
Outstanding Balance
$12.8M($14.0M original)
Interest Rate
2.63%
Maturity
June 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

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