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Nantucket Cove Apartments
FHA Acquisition & Refinance
Endorsed October 31, 2019
FHA #07211166
Deal Details
- Location
- CHAMPAIGN, Illinois
- Mortgage Amount
- $27.3M
- Units
- 240
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2020
Current Loan Status
Active- Outstanding Balance
- $24.3M($27.3M original)
- Interest Rate
- 3.13%
- Maturity
- November 2054(29 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
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