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The Residences of Gallatin

FHA New Construction & Substantial Rehab

Endorsed December 13, 2016

FHA #08635406

Deal Details

Location
GALLATIN, Tennessee
Mortgage Amount
$19.3M
Units
188
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2017
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$17.1M($19.3M original)
Interest Rate
2.40%
Maturity
February 2059(33 years remaining)
Original Term
40 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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