FHA-insured · 221(d)(4) new construction or substantial rehab
Stuart Gardens I
1326c Garden Dr, Newport News, VA 23607 · 252 units
Stuart Gardens I carries a $30.8 million FHA-insured mortgage at a 5.58% note rate, endorsed by HUD on August 12, 2026 and maturing in July 2068. HUD's file put the amortized balance at $30,814,000 as of September 30, 2026, with 41 years 10 months left on the term. The loan is financed with tax-exempt bonds and paired with low-income housing tax credits.
0% repaid
Would a 223(a)(7) refinance lower the payment?
This loan's 5.58% 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 $158,000 a month instead of about $159,000: roughly $10,000 a year less, before mortgage insurance, closing costs and any prepayment premium in the note.
A 223(a)(7) is HUD's streamlined refinance of a loan it already insures. No cash out, and the new loan can't exceed this loan's original amount. Run this property through the 223(a)(7) estimator with your own rate, term and costs.
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 Newport News
- Berkley Apartments 373 units · 2.2% · matures 2056
- Heritage Forest Apartments Phase I 144 units · 2.23% · matures 2061
- Heritage Forest Apartments Phase II 104 units · 2.3% · matures 2061
- Meridan Parkside Apartments 308 units · 2.3% · matures 2056
- Newport Harbour Apts. 200 units · 2.91% · matures 2060
- Hiden Place Apartments 89 units · 2.95% · matures 2040
- Huntington Pointe Apartments 176 units · 3.36% · matures 2064
- Ivy Tower 140 units · 3.55% · matures 2059
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.