Status
Active
Place
Hardeeville, SC, 29927
Type
Apartments
Program
221(d)(4) new construction or substantial rehabilitation
Apartments
288
First endorsed
Sep 30, 2026
Original loan
$61,437,800
Interest rate
5.95%
Term
480 months
Maturity
Jul 1, 2069
Monthly payment
$335,900
Balance
$61,437,800
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 05435958. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.