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Somerset Place Apartments
FHA Acquisition & Refinance
Endorsed August 29, 2014
FHA #07311784
Deal Details
- Location
- SEYMOUR, Indiana
- Mortgage Amount
- $6.9M
- Units
- 106
- Program
- Acquisition & Refinance
- Lender
- Merchants Capital Corp.
- Fiscal Year
- FY2014
Current Loan Status
Active- Outstanding Balance
- $5.5M($6.9M original)
- Interest Rate
- 3.30%
- Maturity
- September 2049(23 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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