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FHA-insured · 223(a)(7) refinance

Audobon Park Apts

112 Bergen Ave, Jersey City, NJ 07305 · 169 units

Audobon Park Apts carries a $586,000 FHA-insured mortgage at a 6.45% note rate, endorsed by HUD on April 26, 2006 and maturing in May 2036. HUD's file put the amortized balance at $317,423 as of September 30, 2026, with 9 years 8 months left on the term.

Note rate
6.45%
Balance, September 2026
$317,423
Monthly principal and interest
$3,685
Matures
May 2036
Original amount
$586,000
Original amount per unit
$3,467
Term
360 months (30 years)
First payment
June 1, 2006
Initial endorsement
April 26, 2006
HUD program (as filed)
223(a)(7)/221(d)(4) MKT Refi/ Moderate (REJ)
FHA project number
03135306
Mortgage holder
Pnc Bank, National Association
Servicer
Pnc Bank, National Association

Would a 223(a)(7) refinance lower the payment?

This loan's 6.45% rate is above the 5.54% median on HUD apartment loans endorsed in the 12 months before September 30, 2026. At that median, on the same balance and remaining term, principal and interest would run about $4,000 a month instead of about $4,000: roughly $2,000 a year less, before mortgage insurance, closing costs and any prepayment premium in the note.

A 223(a)(7) is HUD's streamlined refinance of a loan it already insures. No cash out, and the new loan can't exceed this loan's original amount. Run this property through the 223(a)(7) estimator with your own rate, term and costs.

Own this property?

Send it to the commercial mortgage team at Janover Capital LLC. Say whether you are assuming, refinancing or adding a supplemental loan, and we will give you a preliminary read on what a HUD lender is likely to need. Any terms come from the lender.

Janover Capital LLC is not HUD, FHA or the lender on this loan, and is not affiliated with or endorsed by either. The loan figures on this page come from HUD's public file and are not an offer of credit.

The deal
You

Goes to the commercial mortgage desk at Janover Capital LLC, not to HUD. Prefer email? hello@hudmultifamily.loan

Other HUD-insured loans in Jersey City

All 16 in Jersey City

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Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Street address from HUD's Insured Multifamily Properties map layer. Rates and balances are as HUD reports them; if HUD's file is wrong, this page is too. How we use the data.