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ARBOURS AT SATSUMA

FHA New Construction & Substantial Rehab

Endorsed October 25, 2018

FHA #06238007

Deal Details

Location
Satsuma, Alabama
Mortgage Amount
$1.4M
Units
64
Program
New Construction & Substantial Rehab
Lender
Merchants Capital Corp.
Fiscal Year
FY2019

Current Loan Status

Active
Outstanding Balance
$1.3M($1.4M original)
Interest Rate
4.46%
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

hud.gov multifamily data

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