FHA-insured · 221(d)(4) new construction or substantial rehab
The Lariat
811 N Central Expy, Amarillo, TX 79119 · 312 units
The Lariat carries a $53.1 million FHA-insured mortgage at a 5.59% note rate, endorsed by HUD on September 24, 2025 and maturing in July 2068. HUD's file put the amortized balance at $53,114,200 as of September 30, 2026, with 41 years 10 months left on the term.
0% repaid
Would a 223(a)(7) refinance lower the payment?
This loan's 5.59% 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 $272,000 a month instead of about $274,000: roughly $22,000 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 Amarillo
- Northwest Village Apartments 94 units · 2.3% · matures 2057
- Ridgewood Apartments 240 units · 2.86% · matures 2061
- Silver Oak Apartments 240 units · 3.15% · matures 2057
- Canyons at 45 West 328 units · 3.42% · matures 2060
- Amarillo Greentree Village 160 units · 3.62% · matures 2051
- Canterbury Apartments 95 units · 3.65% · matures 2057
- River Falls Apartments 288 units · 3.65% · matures 2057
- Renaisance of Amarillo 224 units · 3.9% · matures 2049
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.