FHA-insured · 223(f) purchase or refinance
St. Bernardine Plaza
550 W 5th St, San Bernardino, CA 92401 · 150 units
St. Bernardine Plaza carries a $7.5 million FHA-insured mortgage at a 3.43% note rate, endorsed by HUD on March 30, 2017 and maturing in April 2052. HUD's file put the amortized balance at $6,267,479 as of September 30, 2026, with 25 years 7 months left on the term.
16% repaid
What this rate is worth to a buyer
A buyer who assumes this loan keeps 3.43%. 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 $6.3 million at 5.54% over the 25 years 7 months left would run about $38,000 a month in principal and interest, against about $31,000 at this loan's rate. On note rate alone that is roughly $90,000 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 $6.3 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 San Bernardino
- Village Square Apartments 80 units · 2.2% · matures 2047
- Parc Mountain Apts 140 units · 3% · matures 2052
- New Zion Manor 125 units · 3.07% · matures 2049
- Tuscany Apartments 328 units · 3.25% · matures 2057
- Mill Creek Apartments 160 units · 3.43% · matures 2055
- Waterman Gardens - Valencia 9 76 units · 3.47% · matures 2056
- Waterman Gardens Phase I 62 units · 3.65% · matures 2057
- Arbor Apartments 102 units · 3.83% · 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.