Status
Active
Place
Brunswick, GA, 31520
Type
Apartments
Program
221(d)(4) new construction or substantial rehabilitation
Apartments
65
First endorsed
Aug 27, 2026
Original loan
$7,800,000
Interest rate
5.67%
Term
480 months
Maturity
Nov 1, 2067
Monthly payment
$41,136
Balance
$7,800,000
Held by
Merchants Capital Corp., Carmel, IN
Serviced by
Merchants Capital Corp., Carmel, IN
Financing
Tax-exempt bonds
Tax credits
Includes low-income housing tax credits

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 06136000. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.