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Kensington Apartments

FHA New Construction & Substantial Rehab

Endorsed July 28, 2023

FHA #11536006

Deal Details

Location
AUSTIN, Texas
Mortgage Amount
$15.3M
Units
136
Program
New Construction & Substantial Rehab
Lender
MASON JOSEPH COMPANY INC
Fiscal Year
FY2023
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$15.3M
Interest Rate
5.25%
Maturity
February 2065(39 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

hud.gov multifamily data

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