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Spencer Apartments
FHA Acquisition & Refinance
Endorsed January 15, 2021
FHA #03211060
Deal Details
- Location
- NEW CASTLE, Delaware
- Mortgage Amount
- $6.7M
- Units
- 72
- Program
- Acquisition & Refinance
- Lender
- ADROC CAPITAL, LLC
- Fiscal Year
- FY2021
Current Loan Status
Active- Outstanding Balance
- $6.0M($6.7M original)
- Interest Rate
- 2.28%
- Maturity
- February 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