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Chinatown Elderly Apartments

FHA Acquisition & Refinance

Endorsed February 23, 2021

FHA #07111479

Deal Details

Location: CHICAGO, Illinois
Mortgage Amount: $29.3M
Units: 137
Program: Acquisition & Refinance
Lender: Merchants Capital Corp.
Fiscal Year: FY2021
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $26.4M($29.3M original)
Interest Rate: 2.19%
Maturity: March 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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