← Back to FHA deals

The Bluffs at Walnut Creek

FHA New Construction & Substantial Rehab

Endorsed November 12, 2015

FHA #05336190

Deal Details

Location
RALEIGH, North Carolina
Mortgage Amount
$20.5M
Units
198
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2016
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$17.8M($20.5M original)
Interest Rate
2.44%
Maturity
December 2057(32 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

Related Deals

Other FHA deals in RALEIGH, NC

Walker & Dunlop LLC223(f) Purchase/Refi
$23.3M
Dwight Capital223(f) Purchase/Refi
$4.3M
GreystoneNew Const/Rehab
$47.0M
Walker & Dunlop LLC241(a) Improvements
$15.5M
CHURCHILL MORTGAGE INVMT LLCNew Const/Rehab
$16.3M

Other deals by Merchants Capital Corp.

HOLLAND, MI223(f) Purchase/Refi
$61.9M
EVANSTON, IL223(f) Purchase/Refi
$6.4M
North Grafton, MA223(f) Purchase/Refi
$9.2M
Defuniak Springs, FLNew Const/Rehab
$5.5M
SAN ANTONIO, TXNew Const/Rehab
$47.8M