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MONTCLARE SENIOR RESIDENCES OF CALUMET
FHA New Construction & Substantial Rehab
Endorsed February 15, 2019
FHA #07135910
Deal Details
- Location
- Calumet Heights, Illinois
- Mortgage Amount
- $9.2M
- Units
- 134
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2019
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $6.4M($9.2M original)
- Interest Rate
- 3.55%
- Maturity
- September 2060(34 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