FHA-insured · 241(a) supplemental loan
The Brick and Mortar District at Plum Creek Phase Ib
3875 Burnham, Kyle, TX 78640 · 299 units
The Brick and Mortar District at Plum Creek Phase Ib carries a $55.0 million FHA-insured mortgage at a 6.3% note rate, endorsed by HUD on December 17, 2024 and maturing in April 2067. HUD's file put the amortized balance at $54,999,900 as of September 30, 2026, with 40 years 7 months left on the term.
0% repaid
Would a 223(a)(7) refinance lower the payment?
This loan's 6.3% 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 $284,000 a month instead of about $313,000: roughly $350,000 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 Kyle
- Fairway Landing at Plum Creek 216 units · 2.5% · matures 2058
- Uptown at Plum Creek 300 units · 2.73% · matures 2063
- Kyle Springs Apartments 302 units · 6.35% · matures 2066
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.