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Springbrook Apartments
FHA New Construction & Substantial Rehab
Endorsed September 3, 2020
FHA #05336332
Deal Details
- Location
- CHARLOTTE, North Carolina
- Mortgage Amount
- $30.9M
- Units
- 198
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2020
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $29.4M($30.9M original)
- Interest Rate
- 2.00%
- Maturity
- March 2063(37 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
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