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FLATS AT SUNDOWN APARTMENTS
FHA New Construction & Substantial Rehab
Endorsed July 25, 2019
FHA #06735536
Deal Details
- Location
- North Port, Florida
- Mortgage Amount
- $36.4M
- Units
- 224
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2019
Current Loan Status
Active- Outstanding Balance
- $33.1M($35.6M original)
- Interest Rate
- 4.32%
- Maturity
- August 2059(33 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