Datasets › Real estate › FHA apartment and care-home loans
Medilodge of Ludington
Ludington, Michigan. An FHA-insured loan: 232 healthcare and senior housing (nursing homes, assisted living, board and care).
- Status
- Active
- Place
- Ludington, MI, 49431
- Type
- Nursing homes and care facilities
- Program
- 232 healthcare and senior housing (nursing homes, assisted living, board and care)
- Units or beds
- 64
- First endorsed
- Jul 29, 2026
- Original loan
- $9,056,600
- Interest rate
- 5.72%
- Term
- 420 months
- Maturity
- Aug 1, 2061
- Monthly payment
- $49,948
- Balance
- $9,043,011
- 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 04722147. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.