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Statesman II Apartments

FHA Acquisition & Refinance

Endorsed May 24, 2010

FHA #04211151

Deal Details

Location
SHAKER HEIGHTS, Ohio
Mortgage Amount
$1.9M
Units
47
Program
Acquisition & Refinance
Lender
Merchants Capital Corp.
Fiscal Year
FY2010

Current Loan Status

Active
Outstanding Balance
$1.4M($1.9M original)
Interest Rate
4.25%
Maturity
June 2045(19 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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