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FHA-insured · 542(c) HFA risk-sharing

Garden Village Apartments

2601 Belford Ave, Grand Junction, CO 81501 · 91 units

Garden Village Apartments carries a $2.1 million FHA-insured mortgage at a 6.8% note rate, endorsed by HUD on June 11, 2002 and maturing in July 2032. HUD's file put the amortized balance at $794,072 as of September 30, 2026, with 5 years 10 months left on the term.

Note rate
6.8%
Balance, September 2026
$794,072
Monthly principal and interest
$13,774
Matures
July 2032
Original amount
$2,112,800
Original amount per unit
$23,218
Term
360 months (30 years)
First payment
August 1, 2002
Initial endorsement
June 11, 2002
HUD program (as filed)
542(c) HFA Risk Sharing-Existing (YHE)
FHA project number
10198094
Mortgage holder
Colorado Housing and Finance A
Servicer
Colorado Housing and Finance A

Would a refinance lower the payment?

This loan's 6.8% 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 $13,000 a month instead of about $14,000: roughly $6,000 a year less, before mortgage insurance, closing costs and any prepayment premium in the note.

This is a risk-sharing loan, which HUD does not allow to use a 223(a)(7). The usual route is a new 223(f) loan, sized on the property's current income.

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 Grand Junction

All 10 in Grand Junction

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HUD posts this file once a month. Leave your email and we'll write when FHA 10198094 leaves it (paid off, refinanced or terminated) and with the new figures when HUD changes its balance or maturity date.

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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.