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Canyon Pass Apartments

FHA New Construction & Substantial Rehab

Endorsed December 17, 2020

FHA #11535889

Deal Details

Location
SAN ANTONIO, Texas
Mortgage Amount
$33.5M
Units
264
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2021
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$32.0M($33.5M original)
Interest Rate
2.00%
Maturity
June 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

hud.gov multifamily data

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