FHA-insured · 542(b) QPE risk-sharing
Lexington Manor Apts
16-20 Lexington Ave, Jersey City, NJ 07360 · 152 units
Lexington Manor Apts carries a $11.3 million FHA-insured mortgage at a 5.74% note rate, endorsed by HUD on June 29, 2015 and maturing in June 2045. HUD's file put the amortized balance at $11,265,918 as of September 30, 2026, with 18 years 9 months left on the term. The loan is financed with tax-exempt bonds and paired with low-income housing tax credits.
0% repaid
Would a refinance lower the payment?
This loan's 5.74% 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 $81,000 a month instead of about $82,000: roughly $15,000 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 Jersey City
- Summit Plaza 483 units · 2.08% · matures 2056
- Montgomery Gateway East I 202 units · 2.57% · matures 2056
- Atlantic Apartments 444 units · 2.6% · matures 2048
- East Hampton at Newport 441 units · 3.71% · matures 2046
- 16 Bennett 63 units · 3.74% · matures 2057
- Battery View Senior Cetizen Housing Aka Tikvah Towers 239 units · 3.75% · matures 2054
- Plaza Apartments 94 units · 3.83% · matures 2046
- Lafayette House 42 units · 4.08% · matures 2061
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.