FHA-insured · 542(b) QPE risk-sharing
Reese Court Villas
1201 S Ewing Ave, Dallas, TX 75216 · 80 units
Reese Court Villas carries a $2.8 million FHA-insured mortgage at a 7.19% note rate, endorsed by HUD on March 13, 2009 and maturing in January 2027. HUD's file put the amortized balance at $1,832,211 as of September 30, 2026, with 4 months left on the term. The loan is paired with low-income housing tax credits.
34% repaid
Would a refinance lower the payment?
This loan's 7.19% 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 $463,000 a month instead of about $465,000: roughly $19,000 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 Dallas
- Beckley Townhomes 100 units · 1.96% · matures 2055
- Arlington Park Villas 100 units · 2.14% · matures 2056
- Five Mile Creek 236 units · 2.26% · matures 2057
- Highland Hills 250 units · 2.26% · matures 2057
- The Herschel 80 units · 2.47% · matures 2056
- Treymore at Cityplace Apartments 180 units · 2.5% · matures 2056
- The Wharf Apartments 297 units · 2.6% · matures 2056
- Bardo Lofts 28 units · 2.62% · matures 2056
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.