FHA-insured · 542(c) HFA risk-sharing
Gatewood Manor
27 Will St, Nashua, NH 03060 · 98 units
Gatewood Manor carries a $9.1 million FHA-insured mortgage at a 6.85% note rate, endorsed by HUD on August 7, 2007 and maturing in September 2047. HUD's file put the amortized balance at $6,387,757 as of September 30, 2026, with 21 years left on the term. The loan is financed with tax-exempt bonds and paired with low-income housing tax credits.
30% repaid
Insured during construction: initial endorsement August 2007, final endorsement March 2009 once the work was done. HUD's file does not show whether rent or income restrictions apply.
Would a refinance lower the payment?
This loan's 6.85% 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 $43,000 a month instead of about $48,000: roughly $59,000 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.
Other HUD-insured loans in Nashua
- Bronstein Redevelopment 4% 166 units · 3.5% · matures 2064
- Cotton Mill Square 109 units · 3.68% · matures 2054
- Eighteen Merrimack 22 units · 4.7% · matures 2060
- Coliseum Sr Residence - Unit 2 40 units · 4.9% · matures 2051
- Avery Lane Apartments Phase II 63 units · 5.4% · matures 2067
- Caliseum Senior Residence III 133 units · 5.6% · matures 2065
- Maynard Homes 133 units · 5.7% · matures 2049
- Salmon Brook Senior Housing 31 units · 5.75% · matures 2057
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.