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CHEVY CHASE APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed April 27, 2021

FHA #07235692

Deal Details

Location
O'FALLON, Illinois
Mortgage Amount
$5.8M
Units
52
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2021

Current Loan Status

Active
Outstanding Balance
$6.1M($6.4M original)
Interest Rate
2.81%
Maturity
February 2063(37 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

hud.gov multifamily data

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