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Mount Vernon Arms

FHA Acquisition & Refinance

Endorsed January 13, 2016

FHA #07311853

Deal Details

Location
MERRILLVILLE, Indiana
Mortgage Amount
$2.4M
Units
48
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2016

Current Loan Status

Active
Outstanding Balance
$1.9M($2.4M original)
Interest Rate
3.30%
Maturity
February 2051(25 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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