FHA-insured · 223(a)(7) refinance
Crestview Apartments
2809 Crest St, Durham, NC 27705 · 65 units
Crestview Apartments carries a $680,100 FHA-insured mortgage at a 6.25% note rate, endorsed by HUD on March 1, 2006 and maturing in March 2036. HUD's file put the amortized balance at $359,305 as of September 30, 2026, with 9 years 6 months left on the term.
47% repaid
Would a 223(a)(7) refinance lower the payment?
This loan's 6.25% 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.
Other HUD-insured loans in Durham
- Briar Green Apartments 200 units · 2.5% · matures 2058
- Oakley Square Apartments 100 units · 2.64% · matures 2062
- Jj Henderson Senior Apartments 178 units · 3.05% · matures 2063
- Durham Hosiery Mill 151 units · 3.25% · matures 2040
- Damar Court 102 units · 3.85% · matures 2059
- Morreene Rd. Apts 224 units · 3.87% · matures 2059
- Veranda at Whitted School 79 units · 4.24% · matures 2057
- New Bethel Homes Apartments 45 units · 4.94% · matures 2045
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.