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Georgia King Village Apartments
FHA New Construction & Substantial Rehab
Endorsed October 18, 2018
FHA #03135328
Deal Details
- Location
- Newark, New Jersey
- Mortgage Amount
- $39.3M
- Units
- 421
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2019
- LIHTC
- Yes
- Tax-Exempt
- Yes
Current Loan Status
Active- Outstanding Balance
- $36.9M($39.3M original)
- Interest Rate
- 4.27%
- Maturity
- October 2060(35 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
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