FHA-insured · 221(d)(4) new construction or substantial rehab
St. Andrews House
2155 Virgil Pl, Bronx, NY 10473 · 79 units
St. Andrews House carries a $7.7 million FHA-insured mortgage at a 4.1% note rate, endorsed by HUD on September 18, 2014 and maturing in December 2050. HUD's file put the amortized balance at $6,385,964 as of September 30, 2026, with 24 years 3 months left on the term.
17% repaid
Insured during construction: initial endorsement September 2014, final endorsement August 2016 once the work was done. HUD's file does not show whether rent or income restrictions apply.
What this rate is worth to a buyer
A buyer who assumes this loan keeps 4.1%. HUD-insured apartment loans endorsed in the 12 months before September 30, 2026 carried a median note rate of 5.54% (our calculation from the same HUD file). For scale: the same $6.4 million at 5.54% over the 24 years 3 months left would run about $40,000 a month in principal and interest, against about $35,000 at this loan's rate. On note rate alone that is roughly $63,000 a year. A new loan would be sized to the property's income, so treat this as the size of the rate gap, not a payment anyone has offered.
Mortgage insurance cuts the other way. Loans insured before October 2025 usually pay a higher annual premium than the 0.25% a new loan pays, which narrows the gap; the servicer can confirm this loan's premium.
An assumption covers only the balance. If the price is well above $6.4 million, the buyer funds the gap with equity. The transfer also needs HUD's approval of the buyer, which adds time to the closing. How a HUD loan assumption works.
Interested in this loan?
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 Bronx
- Frances Schervier Apartments 155 units · 2.56% · matures 2051
- Boston Road Apartments 142 units · 2.57% · matures 2046
- Walton Ave Senior Housing 75 units · 2.65% · matures 2055
- Highbridge Concourse Phase I 460 units · 2.98% · matures 2050
- Highbridge Concourse Phase I 460 units · 2.98% · matures 2050
- Co-Op City 1537 units · 3.08% · matures 2057
- Notre Dame Apts 98 units · 3.34% · matures 2052
- St.barnabas Housing for the Elderly 91 units · 3.45% · matures 2048
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.