FHA-insured · 542(b) QPE risk-sharing
The Cesera
202 Belt Line Rd, Garland, TX 75040 · 204 units
The Cesera carries a $22.6 million FHA-insured mortgage at a 5.83% note rate, endorsed by HUD on December 23, 2024 and maturing in December 2042. HUD's file put the amortized balance at $22,367,621 as of September 30, 2026, with 16 years 3 months left on the term.
1% repaid
Would a refinance lower the payment?
This loan's 5.83% 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 $174,000 a month instead of about $178,000: roughly $42,000 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 Garland
- Carriage Homes on the Lake 147 units · 2.68% · matures 2059
- Embree Eastside By Palladium 107 units · 2.75% · matures 2063
- Brandon Walk 94 units · 2.95% · matures 2045
- Palladium Garland Senior Living 122 units · 2.95% · matures 2063
- The Draper 155 units · 2.96% · matures 2063
- Carriage Homes on the Lake Phase II Apartments 184 units · 3.1% · matures 2063
- Castleglen Place 40 units · 5.45% · matures 2058
- Millennium Village 199 units · 5.49% · matures 2067
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.