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RIVER GLEN APARTMENTS

FHA Acquisition & Refinance

Endorsed May 12, 2022

FHA #09211506

Deal Details

Location
ROCHESTER, Minnesota
Mortgage Amount
$15.8M
Units
128
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2022
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$14.7M($15.8M original)
Interest Rate
2.18%
Maturity
June 2057(31 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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