Unverified listing What this means
The Lender Report built this page from public records. Merchants Capital Corp. has not reviewed it. Every lender's page starts this way, and it says nothing about Merchants Capital Corp. itself. Each figure shows its source and date. Work at Merchants Capital Corp.? You can claim this page for free.
Mortgage company, Carmel, IN
Merchants Capital Corp.
A mortgage company based in Carmel, IN. Public files show recent multifamily loans it made.
- Kind
- Mortgage company
- Data as of
- HMDA 2025, SBA September 30, 2026
- Page last changed
- November 12, 2026
Reported originating these loans in HMDA.
- Multifamily loans made, 2025
- 91
- HMDA,
- HMDA, 5 or more units
- Investor loans made, 2025
- Not reported
- HMDA,
- 1-4 units or business purpose
- SBA loans, 36 months
- Not reported
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Multifamily dollars, 2025
- $2.70B
- HMDA,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- No phone number is on record. Try the lender's website.
- Website
- merchantscapital.comFrom the lender's own site, retrieved November 9, 2026.
- Based in
- Carmel, INHMDA,
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
| When | What the record shows | Source |
|---|---|---|
| September 16, 2026 | Listed by HUD as an approved MAP lender.Membership in a public list, not lending volume. | HUD FHA multifamily lender rosters, |
| September 16, 2026 | Listed by HUD as an approved LEAN lender.Membership in a public list, not lending volume. | HUD FHA multifamily lender rosters, |
| 2023-10 to 2026-09 | Named as the lender on 30 mortgages recorded in New York City.exact normalized lender name and state, or a reviewed alias | NYC ACRIS recorded mortgages |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| 2025 | Bronx County, NY | Purchase, 150 or more units | $220M | HMDA 2025 | |||
| 2025 | New York County, NY | Improvement, 150 or more units | $220M | HMDA 2025 | |||
| 2025 | Bronx County, NY | Improvement, 150 or more units | $220M | HMDA 2025 | |||
| 2025 | Bronx County, NY | Refinance, 150 or more units | $200M | HMDA 2025 | |||
| 2025 | Kings County, NY | Improvement, 150 or more units | $140M | HMDA 2025 | |||
| 2025 | District of Columbia, DC | Refinance, 150 or more units | $100M | HMDA 2025 | |||
| 2025 | Bronx County, NY | Improvement, 150 or more units | $83M | HMDA 2025 | |||
| 2025 | New York County, NY | Improvement, 150 or more units | $80M | HMDA 2025 | |||
| 2025 | Marion County, IN | Refinance, 150 or more units | $70M | HMDA 2025 | |||
| 2025 | Contra Costa County, CA | Purchase, 150 or more units | $66M | HMDA 2025 | |||
| 2025 | Ottawa County, MI | Refinance, 150 or more units | $62M | HMDA 2025 | |||
| 2025 | Wood County, OH | Refinance, 150 or more units | $53M | HMDA 2025 | |||
| 2025 | Wicomico County, MD | Purchase, 150 or more units | $48M | HMDA 2025 | |||
| 2025 | Bexar County, TX | Purchase, 150 or more units | $48M | HMDA 2025 | |||
| 2025 | Marion County, IN | Improvement, 150 or more units | $44M | HMDA 2025 | |||
| 2025 | Bexar County, TX | Refinance, 150 or more units | $43M | HMDA 2025 | |||
| 2025 | Lexington County, SC | Refinance, 150 or more units | $43M | HMDA 2025 | |||
| 2025 | Hancock County, IN | Refinance, 150 or more units | $41M | HMDA 2025 | |||
| 2025 | Harris County, TX | Purchase, 150 or more units | $37M | HMDA 2025 | |||
| 2025 | Marion County, IN | Refinance, 150 or more units | $35M | HMDA 2025 | |||
| 2025 | Maricopa County, AZ | Refinance, 150 or more units | $33M | HMDA 2025 | |||
| 2025 | Franklin County, OH | Refinance, 150 or more units | $33M | HMDA 2025 | |||
| 2025 | Hamilton County, IN | Refinance, 150 or more units | $30M | HMDA 2025 | |||
| 2025 | Kings County, NY | Refinance, 100 to 149 units | $27M | HMDA 2025 | |||
| 2025 | Ramsey County, MN | Refinance, 150 or more units | $27M | HMDA 2025 | |||
| 91 multifamily loans made in 2025 | $2.70B | HMDA 2025 | |||||
A blank means the source did not report it.
Recorded mortgages, New York City
NYC ACRIS, September 30, 2026
Mortgages recorded in New York City in which this lender is named as the lender. A recorded document is not the whole of a lender's activity and is not joined to HMDA or SBA data.
- 30 mortgages recorded in New York City (the five boroughs) from Oct 2023 to Sep 2026 name Merchants Capital Corp. as the lender, totaling $1.95B.
- 3 of them were recorded in the latest 12 months of that window.
| Property class | Mortgages | Dollars |
|---|---|---|
| Multifamily | 21 | $1.63B |
| Mixed use | 5 | $244M |
| Other | 3 | $37.0M |
| Hotel | 1 | $39.0M |
| Borough | Mortgages |
|---|---|
| Manhattan | 13 |
| Bronx | 10 |
| Brooklyn | 5 |
| Queens | 2 |
How these documents were tied to this lender: exact normalized lender name and state, or a reviewed alias.
What it lends on
HMDA and SBA files
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 91 | $2.70B | $14.3M | $220M | HMDA, |
| Multifamily, 5 or more units | 2024 | 96 | $1.92B | $12.1M | HMDA, | |
| FHA-insured multifamily | Fiscal 2025 | 26 | $452M | HUD FHA endorsements, | ||
| FHA-insured multifamily | Fiscal 2026 | 23 | $457M | HUD FHA endorsements, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI).
Programs on record: FHA multifamily lender (HUD).
Program lists that name this lender
Membership, not lending volume
- Listed by HUD: Multifamily Accelerated Processing (MAP) Approved Lenders as: HUD MAP lender (September 16, 2026). Listed by HUD as an approved MAP lender. Kind of institution: agency-mortgage-banker. Status: Approved MAP lender; also approved for Section 232/LEAN.
- Listed by HUD: MAP Approved Lenders, the lenders marked as also approved for Section 232/LEAN as: HUD LEAN lender (September 16, 2026). Listed by HUD as an approved LEAN lender. Kind of institution: agency-mortgage-banker. Status: Approved MAP lender; also approved for Section 232/LEAN.
Being on a list says the lender is a member of that program on the date shown. It does not say how much it lends.
HUD: MAP Approved Lenders, the lenders marked as also approved for Section 232/LEAN,
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| Indiana HQ | 1 | 25 | 0 | 0 | 0 |
| New York | 0 | 13 | 0 | 0 | 0 |
| Ohio | 0 | 6 | 0 | 0 | 0 |
| Texas | 0 | 5 | 0 | 0 | 0 |
| North Carolina | 0 | 4 | 0 | 0 | 0 |
| Illinois | 0 | 4 | 0 | 0 | 0 |
| California | 0 | 5 | 0 | 0 | 0 |
| Florida | 0 | 4 | 0 | 0 | 0 |
| Georgia | 0 | 1 | 0 | 0 | 0 |
| Minnesota | 0 | 3 | 0 | 0 | 0 |
| Arizona | 0 | 2 | 0 | 0 | 0 |
| County | Recorded loans | Dollars |
|---|---|---|
| Marion County, IN | 11 | $257M |
| Bronx County, NY | 9 | $905M |
| New York County, NY | 9 | $774M |
| Bexar County, TX | 7 | $152M |
| Montgomery County, OH | 7 | $81.7M |
| Cook County, IL | 6 | $61.7M |
| Kings County, NY | 5 | $338M |
| Allen County, IN | 5 | $75.9M |
| Metro | Recorded loans | Dollars |
|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 25 | $2.03B |
| Indianapolis-Carmel-Greenwood, IN | 19 | $375M |
| Dayton-Kettering-Beavercreek, OH | 8 | $96.1M |
| San Antonio-New Braunfels, TX | 7 | $152M |
| Chicago-Naperville-Schaumburg, IL | 7 | $75.5M |
| Fort Wayne, IN | 5 | $75.9M |
Peers
Same kind of lender, similar size and book
What we don't know
- Whether it is taking new loans today, or on what terms.
- Its balance sheet, capital or total lending. Non-banks file no call report, so this page shows only loans that appear in HMDA or SBA files.
- Whether it makes SBA loans. No SBA loans are on file under this name for the 36 months to September 30, 2026.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
Check this page
Against the regulator's own record
- Name and entity. Merchants Capital Corp., Carmel, IN. A non-bank has no regulator certificate, so the name comes from the public files that carry it.
- Loans made. 187 recorded loans from the HMDA file, in 2024 and 2025: 91 HMDA multifamily 2025, 96 HMDA multifamily 2024. Each has its source and date. [How each file was tied to Merchants Capital Corp.]
- Phone and website. No phone number is on record. Website merchantscapital.com, from the FDIC record. [How to reach them]
- Recorded mortgages, New York City. 30 recorded mortgages in New York City under this name. [Source]
Something wrong? Report it with evidence. It is free, and it works the same for every lender whether it pays or not. Report an error
For the record
Data as of HMDA 2025, SBA September 30, 2026. Page last changed November 12, 2026.
- LEI
- 5493007TLZJ73TKCO730
- The Lender Report ID
- lr_008920
- 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).
1 more sentence
- 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).
Cite this
Source: The Lender Report, Merchants Capital Corp., https://lender.report/lender/merchants-capital-in/, data as of December 31, 2025.
Sources
- HMDA, 2025
- HUD FHA multifamily lender rosters, September 16, 2026
- NYC ACRIS recorded mortgages, September 30, 2026
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.
See something wrong? Write to desk@lender.report or use the correction form. We reply within 2 business days and fix confirmed errors within 10. We correct our own mistakes at once. Where the public record itself is wrong, we show the lender's correction beside it and tell you how to ask the agency to fix the source. Correction form. Names identify institutions and imply no affiliation.
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.
Work at Merchants Capital Corp.? Claim this page, free.
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. Report a problem