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The Orion Apartment Homes

FHA New Construction & Substantial Rehab

Endorsed November 19, 2025

FHA #11536063

Deal Details

Location
SAN ANTONIO, Texas
Mortgage Amount
$47.8M
Units
336
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2026
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$47.8M
Interest Rate
4.68%
Maturity
December 2068(43 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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