FHA-insured · 221(d)(4) new construction or substantial rehab
Timbers Edge Apartments
1075 Pinchback Rd, Beaumont, TX 77707 · 150 units
Timbers Edge Apartments carries a $17.0 million FHA-insured mortgage at a 5.54% note rate, endorsed by HUD on May 21, 2026 and maturing in November 2067. HUD's file put the amortized balance at $17,000,000 as of September 30, 2026, with 41 years 2 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 5.54% 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 $87,000 a month instead of about $87,000: roughly $-0 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 Beaumont
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- Major Crossing 96 units · 2.72% · matures 2056
- Marbella Bay 176 units · 2.75% · matures 2056
- Raintree Tower Apartments 150 units · 3.35% · matures 2040
- Chelsea Apartments 144 units · 3.36% · matures 2050
- Briarbend 40 units · 3.52% · matures 2050
- Woodlands at Beaumont 212 units · 3.85% · matures 2062
- Gracelake Townhomes 128 units · 4.075% · matures 2052
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.