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FRANKLIN COURT APARTMENTS
FHA New Construction & Substantial Rehab
Endorsed May 21, 2021
FHA #05336355
Deal Details
- Location
- LOUISBURG, North Carolina
- Mortgage Amount
- $6.7M
- Units
- 50
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2021
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $6.3M($6.7M original)
- Interest Rate
- 2.55%
- Maturity
- July 2062(36 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