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Northside Flats

FHA Acquisition & Refinance

Endorsed June 30, 2015

FHA #07311833

Deal Details

Location
INDIANAPOLIS, Indiana
Mortgage Amount
$11.6M
Units
219
Program
Acquisition & Refinance
Lender
HIGHLAND COMMERCIAL MTGE
Fiscal Year
FY2015
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$9.4M($11.6M original)
Interest Rate
3.50%
Maturity
July 2050(24 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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