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Northwest Tower Apartments

FHA New Construction & Substantial Rehab

Endorsed March 6, 2018

FHA #07135886

Deal Details

Location: CHICAGO, Illinois
Mortgage Amount: $16.0M
Units: 150
Program: New Construction & Substantial Rehab
Lender: Merchants Capital Corp.
Fiscal Year: FY2018

Current Loan Status

Active

Outstanding Balance: $14.9M($16.0M original)
Interest Rate: 4.25%
Maturity: November 2059(34 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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