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Cornell Street Apartments
FHA New Construction & Substantial Rehab
Endorsed May 17, 2018
FHA #10535279
Deal Details
- Location
- SALT LAKE CITY, Utah
- Mortgage Amount
- $12.6M
- Units
- 146
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2018
- LIHTC
- Yes
Current Loan Status
Active- Outstanding Balance
- $11.7M($12.6M original)
- Interest Rate
- 3.59%
- Maturity
- February 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
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