Status
Active
Place
Sparta, TN, 38583
Type
Apartments
Program
223(f) purchase or refinance of apartments
Apartments
50
First endorsed
Jan 29, 2026
Original loan
$1,421,200
Interest rate
5.48%
Term
420 months
Maturity
Feb 1, 2061
Monthly payment
$7,613
Balance
$1,412,069
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 08611148. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.