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SOUTHERN DUNES
FHA Acquisition & Refinance
Endorsed April 29, 2021
FHA #07211195
Deal Details
- Location
- INDIANAPOLIS, Indiana
- Mortgage Amount
- $39.9M
- Units
- 384
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2021
Current Loan Status
Active- Outstanding Balance
- $36.3M($39.9M original)
- Interest Rate
- 2.50%
- Maturity
- May 2056(30 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
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