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West Ridge Villas

FHA Acquisition & Refinance

Endorsed June 28, 2021

FHA #11311418

Deal Details

Location
McKinney, Texas
Mortgage Amount
$19.5M
Units
132
Program
Acquisition & Refinance
Lender
MASON JOSEPH COMPANY INC
Fiscal Year
FY2021

Current Loan Status

Active
Outstanding Balance
$17.8M($19.5M original)
Interest Rate
2.50%
Maturity
July 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

hud.gov multifamily data

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