Status
Active
Place
Kew Gardens, NY, 11418
Type
Apartments
Program
223(f) purchase or refinance of apartments
Apartments
55
First endorsed
Jul 23, 2026
Original loan
$19,600,000
Interest rate
5.53%
Term
420 months
Maturity
Aug 1, 2061
Monthly payment
$106,990
Balance
$19,566,589
Held by
Merchants Capital Corp., Carmel, IN
Serviced by
Merchants Capital Corp., Carmel, IN

The balance is HUD's own amortization-schedule figure, assuming every payment is made on time. It can differ from a servicer's statement. Terminated loans carry no balance. HUD names the current holder and the current servicer of each loan, not the lender that made it. A loan that was sold shows under its buyer, so a company's balance here is what it holds or services today.

HUD project number 01211644. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.