FHA-insured · 542(c) HFA risk-sharing
Magruder's Discovery Apartments
10508 Westlake Dr, Bethesda, MD 20817 · 134 units
Magruder's Discovery Apartments carries a $11.7 million FHA-insured mortgage at a 6.4% note rate, endorsed by HUD on June 14, 2010 and maturing in June 2041. HUD's file put the amortized balance at $8,339,621 as of September 30, 2026, with 14 years 9 months left on the term. The loan is financed with tax-exempt bonds.
28% repaid
Insured during construction: initial endorsement June 2010, final endorsement July 2014 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 6.4% 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 $69,000 a month instead of about $73,000: roughly $46,000 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 Bethesda
- Bainbridge Bethesda Apartments 200 units · 2.33% · matures 2060
- Rosedale Park Apartments 164 units · 2.5% · matures 2055
- Summer Highlands 125 units · 3.1% · matures 2053
- Pooks Hills High Rise 189 units · 3.225% · matures 2043
- Barclay Apartments 157 units · 4.489% · matures 2036
- Waverly Towers 157 units · 4.55% · matures 2052
- The Metropolitan 308 units · 5.075% · matures 2053
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.