Status
Active
Place
Union City, TN, 38261
Type
Apartments
Program
223(f) purchase or refinance of apartments
Apartments
50
First endorsed
May 12, 2026
Original loan
$1,580,000
Interest rate
5.56%
Term
420 months
Maturity
Jun 1, 2061
Monthly payment
$8,547
Balance
$1,575,060
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 08111135. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.