HUD lender profile

Mason Joseph Company, Inc.: HUD multifamily lending record

HUD insured 22 multifamily loans with Mason Joseph Company as lender in FY2022-FY2026, for $691 million and 4,783 units. That is 1.1% of all HUD multifamily dollars in those years and #23 among lenders.

$691Mendorsed, FY2022-FY2026
22loans, FY2022-FY2026
$38.3Mmedian loan size
0active HUD apartment loans it services

What the numbers say

It had no initial endorsements in FY2026; its most recent was April 12, 2023.

Its HUD book is concentrated: NC/SR made up 87% of its dollars over five years.

It lent in 4 states; Texas was the largest at 64% of dollars.

Its median loan was $38.3 million, above the $14.3 million median for all HUD multifamily endorsements in the same years.

On 223(f) loans, the median time from firm commitment to initial endorsement was 112 days (6 loans), against 87 days for all lenders, 25 days slower.

5 of its 22 loans (23%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.

HUD volume by fiscal year

$0M$250M$500M$750M$1.0B'18'19'20'21'22'23
  • 223(f)
  • New construction / sub rehab
  • Other programs
Mortgage dollars at initial endorsement, FY2018 to FY2026. Table below.
Mason Joseph Company, Inc., initial endorsements by fiscal year
FYLoansDollarsUnits223(f)NC/SROtherRank
FY2023 4 $139M 937 0 4 0 #18
FY2022 18 $553M 3,846 6 12 0 #13
FY2021 36 $897M 8,024 15 12 9 #8
FY2020 15 $405M 3,176 2 11 2 #14
FY2019 8 $188M 1,551 1 7 0 #19
FY2018 1 $35.9M 316 1 0 0 #44
Since FY201583$2.26B18,157

Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.

Program mix, FY2022-FY2026

By HUD program category
ProgramLoansDollarsMedian loanAll lenders' median
New construction or substantial rehab (221(d)(4), 220, 231, 213)16$603M$40.1M$23.9M
223(f) purchase or refinance6$88.6M$4.4M$13.5M

Where it lends

Top states, FY2022-FY2026
StateLoansDollars
Texas17$441M
Tennessee2$105M
Oklahoma2$106M
Kentucky1$39.5M

Firm commitment to closing

Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.

All its loans with both dates (22)
105 days median
Middle half of its loans
76-141 days
223(f) (6 loans)
112 days
NC/SR (16 loans)
105 days
All lenders, FHA programs, FY2022-FY2026
91 days

Most recent HUD endorsements

Latest 12 loans with Mason Joseph Company as lender at initial endorsement
EndorsedPropertyCityProgramLoanUnits
2023-04-12 Hughes House · TX Fort Worth NC/SR $16.1M 162
2022-12-14 Eckhert Crossing · TX San Antonio NC/SR $29.2M 191
2022-10-24 Wildwood of Forney · TX Forney NC/SR $53.0M 324
2022-10-24 Ariza Temple II · TX Temple NC/SR $40.6M 260
2022-08-18 The Devereaux · TX New Braunfels NC/SR $37.1M 240
2022-08-09 Oak Tree Manor · TX Houston 223(f) $15.8M 250
2022-08-09 Mesa Place and Franklin Place Apartments · TX El Paso NC/SR $14.7M 224
2022-08-09 Cien Palmas Apartments · TX El Paso NC/SR $13.9M 150
2022-07-29 Burkburnett Pioneer Crossing · TX Burkburnett 223(f) $2.0M 80
2022-07-28 Aspire at Sherman · TX Sherman NC/SR $39.5M 234
2022-06-30 Henrietta Pioneer Crossing · TX Henrietta 223(f) $2.0M 49
2022-06-23 Hartmann Plantation · TN Lebanon 223(f) $60.0M 360

Largest loans, FY2022-FY2026

Largest 8 by mortgage amount at endorsement
PropertyCityProgramLoanEndorsed
Broadvue Apartments · OK Oklahoma City NC/SR $61.3M 2022-02-10
Hartmann Plantation · TN Lebanon 223(f) $60.0M 2022-06-23
Wildwood of Forney · TX Forney NC/SR $53.0M 2022-10-24
Residences at Grayson Heights · TX San Antonio NC/SR $51.1M 2022-05-04
Jewel at Summit Pointe · TN Ooltewah NC/SR $45.0M 2021-11-15
Noma (tulsa Route 66) · OK Tulsa NC/SR $44.9M 2021-10-27
The Sutherland II · TX Grand Prairie NC/SR $43.6M 2022-02-18
Aspire at Del Valle · TX Del Valle NC/SR $42.6M 2021-11-15

Its HUD servicing book today

HUD's active insured mortgage file does not list a servicer under this name. Servicing on its loans may sit with an affiliate or another firm; check each loan's page, or the servicer rankings.

Other names in HUD's endorsement data that begin the same way (HUD files them separately, and we do not combine them): Mason Joseph, LLC.

Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.

Get your HUD loan in front of several lenders

Janover Capital is an advisor, not a lender, and is not affiliated with Mason Joseph Company or HUD. Tell us about the property and the desk will tell you which HUD lenders fit the deal.

Step 1 of 2 · The deal
About the deal
Minimum loan amount is $1M. An estimate is fine.
Your contact information

Contact information

Your information goes to our capital markets desk only. It is never sold, and no lender sees your deal without your go-ahead. Submitted over an encrypted connection.

Getting commercial property financing should be easy. Now it is. Click below for a free, no obligation quote and to learn more about your loan options.

Get a quote
Call Get a quote