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FHA-insured · 223(f) purchase or refinance

Epsilon Apartments

30239 W 13 Mile Rd, Farmington Hills, MI 48334 · 101 units

Epsilon Apartments carries a $3.9 million FHA-insured mortgage at a 6.125% note rate, endorsed by HUD on September 25, 2008 and maturing in October 2043. HUD's file put the amortized balance at $2,754,594 as of September 30, 2026, with 17 years 1 month left on the term.

Note rate
6.125%
Balance, September 2026
$2,754,594
Monthly principal and interest
$22,681
Matures
October 2043
Original amount
$3,919,900
Original amount per unit
$38,811
Term
420 months (35 years)
First payment
November 1, 2008
Initial endorsement
September 25, 2008
HUD program (as filed)
207/ 223(F) PUR/ REFIN HSG. (HRI)
FHA project number
04411136
Mortgage holder
Pnc Bank, National Association
Servicer
Pnc Bank, National Association

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

This loan's 6.125% 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 $21,000 a month instead of about $22,000: roughly $11,000 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 Farmington Hills

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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.