FHA-insured · 542(c) HFA risk-sharing
Westshore Apts
222 SW Pine St, Portland, OR 97204 · 113 units
Westshore Apts carries a $2.7 million FHA-insured mortgage at a 7.25% note rate, endorsed by HUD on December 31, 1997 and maturing in January 2028. HUD's file put the amortized balance at $280,179 as of September 30, 2026, with 1 year 4 months left on the term.
90% repaid
Would a refinance lower the payment?
This loan's 7.25% 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 $18,000 a month instead of about $18,000: roughly $3,000 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 Portland
- Wheelhouse Lofts 29 units · 2.24% · matures 2056
- The Ryder 96 units · 2.36% · matures 2056
- Deveraux Glen Apartments 506 units · 2.45% · matures 2057
- Yukon Flats 54 units · 2.49% · matures 2056
- Ash Street Courtyard Apartments 47 units · 2.5% · matures 2057
- Meridian Lofts 46 units · 2.5% · matures 2056
- Galaxie Lofts Apartments 76 units · 2.6% · matures 2060
- Spruce Park Apartments 72 units · 2.64% · matures 2057
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.