Lending Programs

Merchants M knockout
Multifamily Row Houses


Merchants Capital is a leading FHA-insured multifamily lender. It services loans for some of the largest developers nationwide. Merchants Capital has consistently been a top FHA lender by dollar volume of origination and number of loans closed. FHA origination volume has maintained momentum since the 2012 and 2013 refinance boom, especially within the multifamily and senior living facility markets.


  • 223(f) Refinance/Acquisition
  • 221(d)4 New Construction/Substantial Rehab
  • 223(a)7 Refinance
  • 241(a) Supplemental Loan


  • 232 New Construction/Substantial Rehab
  • 232/223(f) Refinance
  • 232/223(a)7 Refinance
Row House iin Old Town Carmel


Merchants Capital is a licensed Fannie Mae Multifamily Affordable Housing Lender. Fannie Mae is the leading provider of financing for multifamily properties including apartment buildings and cooperatives.

  • M-TEB (Forward and Immediate)
  • Immediate Preservation
  • 9% LIHTC Forward
Multifamily Property


Merchants Capital is a national Freddie Mac Optigo® Targeted Affordable Housing Seller/Servicer. Freddie Mac Multifamily provides a full range of competitively priced, reliable loan products for the acquisition, refinance, or moderate rehabilitation of multifamily communities.

  • 4% Tax-Exempt Loan (TEL) and Bond Credit Enhancement
  • 9% LIHTC Cash Loan
  • Immediate and Forward Financing
  • Bridge-to-Syndication
Row House Apartments


Merchants Capital provides balance sheet lending through our parent company, Merchants Bank, to help clients prepare and position properties to qualify for Fannie Mae, Freddie Mac Optigo®, FHA or other long term loans. Our bridge and permanent loan teams design specialized finance programs that give you the short-term funding that you need to move forward with your project with your long-term financial objectives in mind.

  • Market Rate Construction
  • Construction Loan with Agency Forward Commitment
  • Bridge to Resyndication
  • LIHTC Bridge Loan
Apartment Complex Building


The Rural Housing Service (RHS) is an agency of the United States Department of Agriculture (USDA). Located within the Department’s Rural Development mission area, RHS operates a broad range of programs to provide:

  • Rural Housing 538 Program

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