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Paul G. Stewart III Tower

FHA New Construction & Substantial Rehab

Endorsed December 30, 2016

FHA #07135889

Deal Details

Location: CHICAGO, Illinois
Mortgage Amount: $10.6M
Units: 180
Program: New Construction & Substantial Rehab
Lender: Merchants Capital Corp.
Fiscal Year: FY2017
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $9.7M($10.6M original)
Interest Rate: 3.90%
Maturity: October 2058(33 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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