---
title: Merchants Capital Corp.
url: https://lender.report/lender/merchants-capital-in/
as_of: 2026-06-30
data_version: 2026-11-12.1
license: https://lender.report/license/
is_paid: false
label: Unverified listing
listing_state: unverified
status: operating
ids: {fdic: null, rssd: null, ncua: null, lei: 5493007TLZJ73TKCO730}
---

# Merchants Capital Corp.

> Unverified listing. Built from public records. The lender has not reviewed the page. Every lender starts this way, and it says nothing about the lender itself. Claiming is free.

**Cite this:** Source: The Lender Report, Merchants Capital Corp., https://lender.report/lender/merchants-capital-in/, data as of June 30, 2026.

**Status:** operating. Files HMDA under a bank regulator and has no charter of its own in FDIC or NCUA records. Its name suggests a mortgage or finance company, usually owned by a bank.

Bank-affiliated mortgage company, Carmel, IN. Identifiers: LEI 5493007TLZJ73TKCO730.

## Facts, each with its source and date

- Originated 91 multifamily loans totaling $2.7B in 2025 (HMDA).
- Originated 96 multifamily loans totaling $1.9B in 2024 (HMDA).
- Closed 49 FHA-insured multifamily loans totaling $909.3M in fiscal 2025 and fiscal 2026 (HUD).
- Has 14 FHA firm commitments totaling $378M not yet closed (HUD).
- Listed by HUD as an approved MAP lender. (HUD list, as of September 16, 2026).
- Listed by HUD as an approved LEAN lender. (HUD list, as of September 16, 2026).
- Named as the lender on 30 mortgages recorded in New York City from 2023-10 to 2026-09, totaling $1.9B (NYC Department of Finance, ACRIS).

## Loans on record

| Kind of loan | Period | Loans made | Dollars | Source |
| --- | --- | --- | --- | --- |
| Multifamily, 5 or more units | 2025 | 91 | $2.70B | CFPB HMDA |
| Multifamily, 5 or more units | 2024 | 96 | $1.92B | CFPB HMDA |

## Recent recorded loans, coarsened

Place is the county or the state, amounts are rounded to 2 significant figures, and no borrower is named.

| When | Place | Loan | Amount | Rate | Term (months) | Source |
| --- | --- | --- | --- | --- | --- | --- |
| 2025 | Bronx County, NY | purchase, >149 units | $220M | not reported | not reported | CFPB HMDA |
| 2025 | New York County, NY | improvement, >149 units | $220M | not reported | not reported | CFPB HMDA |
| 2025 | Bronx County, NY | improvement, >149 units | $220M | not reported | not reported | CFPB HMDA |
| 2025 | Bronx County, NY | refinance, >149 units | $200M | not reported | not reported | CFPB HMDA |
| 2025 | Kings County, NY | improvement, >149 units | $140M | not reported | not reported | CFPB HMDA |
| 2025 | District of Columbia, DC | refinance, >149 units | $100M | not reported | not reported | CFPB HMDA |
| 2025 | Bronx County, NY | improvement, >149 units | $83.0M | not reported | not reported | CFPB HMDA |
| 2025 | New York County, NY | improvement, >149 units | $80.0M | not reported | not reported | CFPB HMDA |
| 2025 | Marion County, IN | refinance, >149 units | $70.0M | not reported | not reported | CFPB HMDA |
| 2025 | Contra Costa County, CA | purchase, >149 units | $66.0M | not reported | not reported | CFPB HMDA |

## What we do not know

- Whether this lender is taking new loans today.
- Its underwriting limits and fees, unless it has told us.
- Whether it takes brokers, beyond what the public record shows.
- A balance is what a lender holds as filed. It is not a loan made.

## How to reach them

- Website: https://merchantscapital.com/ (from the regulator record or the lender's own site)

## For the record

Data as of June 30, 2026. Data release 2026-11-12.1. Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them.

We publish data about lenders and sell advertising. We are not a bank or lender, and we do not make credit decisions, take applications, negotiate terms or arrange loans through this site. Using this site creates no broker, advisory or fiduciary relationship. Commercial-purpose loans only. Nothing here is an offer to lend or a promise that any lender will offer you a loan.

The Lender Report is not affiliated with, endorsed by or acting for the FDIC, NCUA, FFIEC, CFPB, SBA, HUD or any government agency. Certificate and charter numbers identify institutions only.

The Lender Report is operated by JPro Labs LLC. The Lender Report is not a bank or a lender. It does not make loans or credit decisions. Listings are built from public records.

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