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SWAN COVE

FHA Acquisition & Refinance

Endorsed October 26, 2017

FHA #04211312

Deal Details

Location
TOLEDO, Ohio
Mortgage Amount
$1.8M
Units
76
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2018
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$1.6M($1.8M original)
Interest Rate
3.25%
Maturity
November 2052(27 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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