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Sunset Bay Apartments

FHA Supplemental Loans

Endorsed May 27, 2021

FHA #06610015

Deal Details

Location: Cutler Bay, Florida
Mortgage Amount: $13.8M
Units: 308
Program: Supplemental Loans
Lender: Merchants Capital Corp.
Fiscal Year: FY2021
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $12.8M($13.8M original)
Interest Rate: 2.93%
Maturity: November 2051(26 years remaining)
Original Term: 28 years, 10 months
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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