FHA-insured · 223(f) purchase or refinance
Clayborne Flatz
4651 Clayborne Dr, Kalamazoo, MI 49009 · 140 units
Clayborne Flatz carries a $8.9 million FHA-insured mortgage at a 5.57% note rate, endorsed by HUD on September 17, 2026 and maturing in October 2061. HUD's file put the amortized balance at $8,876,900 as of September 30, 2026, with 35 years 1 month left on the term.
0% repaid
Would a 223(a)(7) refinance lower the payment?
This loan's 5.57% 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 $48,000 a month instead of about $48,000: 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.
Other HUD-insured loans in Kalamazoo
- Willow Creek Apartments 162 units · 2.09% · matures 2055
- Winchell Way Apartments 168 units · 2.18% · matures 2055
- Willow Creek II Apartments 159 units · 2.23% · matures 2056
- Westland Meadows 150 units · 2.29% · matures 2056
- Canterbury House Apartments Kalamazoo 192 units · 2.5% · matures 2048
- Fox Ridge Apartments 216 units · 2.7% · matures 2043
- Neighborhood Apartments 44 units · 2.7% · matures 2055
- Skyrise Apartments 204 units · 3.1% · matures 2048
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.