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Rockwell Manor Apartments

FHA New Construction & Substantial Rehab

Endorsed June 30, 2022

FHA #11535987

Deal Details

Location
BROWNSVILLE, Texas
Mortgage Amount
$18.0M
Units
126
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2022
LIHTC
Yes

Current Loan Status

Active
Outstanding Balance
$17.5M($18.0M original)
Interest Rate
4.00%
Maturity
October 2063(38 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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