Merchants Capital announced it has closed a record $7 billion in debt production in 2021. The firm achieved explosive growth in all product offerings, including a 72 percent increase in Federal Housing Administration financing to $1.97 billion, a 143 percent increase in Fannie Mae and Freddie Mac production approaching $1 billion and a 65 percent increase in Merchants Bank of Indiana balance sheet financing with over $4 billion in volume in 2021.