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LAKE PARK APARTMENTS
FHA Acquisition & Refinance
Endorsed April 26, 2021
FHA #07211191
Deal Details
- Location
- HOBART, Indiana
- Mortgage Amount
- $2.1M
- Units
- 71
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2021
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $1.9M($2.1M original)
- Interest Rate
- 2.53%
- Maturity
- May 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