Status
Active
Place
Nampa, ID, 83686
Type
Apartments
Program
221(d)(4) new construction or substantial rehabilitation
Apartments
264
First endorsed
Dec 21, 2023
Original loan
$35,174,000
Interest rate
4.22%
Term
480 months
Maturity
Oct 1, 2066
Monthly payment
$151,855
Balance
$35,174,000
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 12435134. Source: HUD Insured Multifamily Mortgages ↗. Property and loan facts only.