Status
Ended Jul 29, 2025 (prepayment)
Place
Brookings, SD, 57006
Type
Apartments
Program
223(f) purchase or refinance of apartments
Apartments
72
First endorsed
Dec 13, 2022
Original loan
$5,650,600
Interest rate
5.54%
Term
420 months
Maturity
Jan 1, 2058
Monthly payment
—
Balance
—
Held by
Merchants Capital Servicing Ll, 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 09111048. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.