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Songhai at Westgate
FHA New Construction & Substantial Rehab
Endorsed October 26, 2016
FHA #11535759
Deal Details
- Location
- AUSTIN, Texas
- Mortgage Amount
- $18.9M
- Units
- 140
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2017
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $16.7M($18.9M original)
- Interest Rate
- 2.50%
- Maturity
- October 2058(33 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
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