Datasets › Real estate › FHA apartment and care-home loans
Madison Lofts
Fortville, Indiana. An FHA-insured loan: 223(f) purchase or refinance of apartments.
- Status
- Active
- Place
- Fortville, IN, 46040
- Type
- Apartments
- Program
- 223(f) purchase or refinance of apartments
- Apartments
- 42
- First endorsed
- Dec 18, 2024
- Original loan
- $1,590,000
- Interest rate
- 5.25%
- Term
- 420 months
- Maturity
- Jan 1, 2060
- Monthly payment
- $8,639
- Balance
- $1,553,070
- Held by
- Merchants Capital Servicing Ll, Carmel, IN
- Serviced by
- Merchants Capital Corp., Carmel, IN
- 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 07211345. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.