FHA-insured · 221(d)(4) new construction or substantial rehab

Fort Worth Public Market

1400 Henderson St, Fort Worth, TX 76102 · 199 units

Fort Worth Public Market carries a $40.7 million FHA-insured mortgage at a 5.75% note rate, endorsed by HUD on August 24, 2023 and maturing in December 2065. HUD's file put the amortized balance at $40,451,245 as of September 30, 2026, with 39 years 3 months left on the term.

Note rate
5.75%
Balance, September 2026
$40,451,245
Monthly principal and interest
$216,627
Matures
December 2065
Original amount
$40,651,600
Original amount per unit
$204,279
Term
480 months (40 years)
First payment
January 1, 2026
Initial endorsement
August 24, 2023
Final endorsement
April 9, 2026
HUD program (as filed)
221(D)(4) MKT. RATE MOD INC/ DISP FAMS (OMI)
FHA project number
11335948
Mortgage holder
Lument Real Estate Capital, Ll
Servicer
Lument Real Estate Capital, Ll

Insured during construction: initial endorsement August 2023, final endorsement April 2026 once the work was done. HUD's file does not show whether rent or income restrictions apply.

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

This loan's 5.75% 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 $211,000 a month instead of about $217,000: roughly $69,000 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 Fort Worth

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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.