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ILLINI TOWER APARTMENTS
FHA Acquisition & Refinance
Endorsed July 22, 2021
FHA #07111514
Deal Details
- Location
- SILVIS, Illinois
- Mortgage Amount
- $3.3M
- Units
- 100
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2021
Current Loan Status
Active- Outstanding Balance
- $3.0M($3.3M original)
- Interest Rate
- 2.42%
- Maturity
- August 2056(30 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