FHA-insured · 542(b) QPE risk-sharing
Richmond Gardens
247 Jersey St, Staten Island, NY 10301 · 141 units
Richmond Gardens carries a $15.1 million FHA-insured mortgage at a 5.633% note rate, endorsed by HUD on July 18, 2012 and maturing in November 2044. HUD's file put the amortized balance at $11,979,431 as of September 30, 2026, with 18 years 2 months left on the term. The loan is paired with low-income housing tax credits.
21% repaid
Would a refinance lower the payment?
This loan's 5.633% 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 $87,000 a month instead of about $88,000: roughly $7,000 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 Staten Island
- Concord Court & Seaside Plaza Apartments 431 units · 2.39% · matures 2057
- Joseph House 75 units · 4.22% · matures 2046
- Castleton Park 454 units · 4.95% · matures 2054
- Park Hill I Apartments 403 units · 5.25% · matures 2061
- Park Hill II Apartments 399 units · 5.25% · matures 2061
- St. George Plaza Apartments 305 units · 5.25% · matures 2061
- Seaview Site C 161 units · 5.475% · matures 2049
- Fairway Gardens 78 units · 5.633% · matures 2044
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.