FHA-insured · 223(a)(7) refinance
West Woods Haven Phase I
3202 W Nine Mile Rd, Pensacola, FL 32534 · 136 units
West Woods Haven Phase I carries a $16.3 million FHA-insured mortgage at a 2.66% note rate, endorsed by HUD on April 15, 2021 and maturing in May 2061. HUD's file put the amortized balance at $15,034,938 as of September 30, 2026, with 34 years 8 months left on the term.
8% repaid
What this rate is worth to a buyer
A buyer who assumes this loan keeps 2.66%. HUD-insured apartment loans endorsed in the 12 months before September 30, 2026 carried a median note rate of 5.54% (our calculation from the same HUD file). For scale: the same $15.0 million at 5.54% over the 34 years 8 months left would run about $81,000 a month in principal and interest, against about $55,000 at this loan's rate. On note rate alone that is roughly $312,000 a year. A new loan would be sized to the property's income, so treat this as the size of the rate gap, not a payment anyone has offered.
Mortgage insurance cuts the other way. Loans insured before October 2025 usually pay a higher annual premium than the 0.25% a new loan pays, which narrows the gap; the servicer can confirm this loan's premium.
An assumption covers only the balance. If the price is well above $15.0 million, the buyer funds the gap with equity. The transfer also needs HUD's approval of the buyer, which adds time to the closing. How a HUD loan assumption works.
Interested in this loan?
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 Pensacola
- The Crossings at Nine Mile Road 240 units · 2.45% · matures 2057
- Evergreen Bearing 9 Mile Apartments 264 units · 2.73% · matures 2062
- West Woods Haven Phase II 132 units · 2.82% · matures 2061
- Village at Southern Oaks 192 units · 3.85% · matures 2052
- Arbours at Ensley 112 units · 4% · matures 2046
- Westminster Village I - V 356 units · 5.48% · matures 2058
- Westwood Homes 51 units · 6% · matures 2028
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.