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ARTS DEPARTMENT AT MUSIC HALL

FHA New Construction & Substantial Rehab

Endorsed December 22, 2020

FHA #04635771

Deal Details

Location
CINCINNATI, Ohio
Mortgage Amount
$16.6M
Units
248
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2021
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$15.8M($16.6M original)
Interest Rate
2.70%
Maturity
October 2062(37 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

hud.gov multifamily data

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