Status
Active
Place
Holland, MI, 49423
Type
Apartments
Program
223(f) purchase or refinance of apartments
Apartments
371
First endorsed
Dec 17, 2025
Original loan
$61,946,500
Interest rate
4.68%
Term
420 months
Maturity
Jan 1, 2061
Monthly payment
$300,109
Balance
$61,411,548
Held by
Merchants Capital Servicing Ll, 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 04711332. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.