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COUNTRY CLUB HEIGHTS

FHA New Construction & Substantial Rehab

Endorsed December 15, 2021

FHA #07235699

Deal Details

Location
Quincy, Illinois
Mortgage Amount
$10.5M
Units
200
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2022
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$10.0M($10.5M original)
Interest Rate
2.53%
Maturity
April 2058(32 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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