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Arrowhead Apartments

FHA Acquisition & Refinance

Endorsed September 24, 2019

FHA #07111452

Deal Details

Location
PALATINE, Illinois
Mortgage Amount
$25.4M
Units
198
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2019

Current Loan Status

Active
Outstanding Balance
$22.6M($25.4M original)
Interest Rate
3.19%
Maturity
October 2054(29 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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