Datasets › Real estate › FHA apartment and care-home loans
Covenant Glen of Frankenmuth
Frankenmuth, Michigan. An FHA-insured loan: 232 healthcare and senior housing (nursing homes, assisted living, board and care).
- Status
- Active
- Place
- Frankenmuth, MI, 48734
- Type
- Nursing homes and care facilities
- Program
- 232 healthcare and senior housing (nursing homes, assisted living, board and care)
- Units or beds
- 77
- First endorsed
- Aug 27, 2026
- Original loan
- $11,145,000
- Interest rate
- 5.98%
- Term
- 420 months
- Maturity
- Sep 1, 2061
- Monthly payment
- $63,398
- Balance
- $11,137,141
- 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 04822067. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.