HUD-insured apartment loans in Indianapolis, IN
95 properties in Indianapolis with 14,092 units have FHA-insured mortgages, owing $751.3 million in all. The median note rate is 3.29%; the lowest is 2.12% at River Ridge I.
| Property | Units | Rate | Balance | Matures |
|---|---|---|---|---|
| River Ridge I | 202 | 2.12% | $8.5 million | 2047 |
| River Ridge II | 66 | 2.15% | $4.0 million | 2052 |
| River Crossing at Keystone | 314 | 2.18% | $15.2 million | 2047 |
| Castleton Manor Apartments | 220 | 2.22% | $19.8 million | 2056 |
| Slate Run Apartments | 123 | 2.22% | $7.7 million | 2055 |
| Redwood Indianapolis (camden Oaks) Ph2 | 87 | 2.28% | $11.6 million | 2056 |
| Woodbridge of Castleton I | 204 | 2.3% | $3.2 million | 2047 |
| Woodbridge of Castleton II | 114 | 2.3% | $2.0 million | 2047 |
| Group Homes | 48 | 2.35% | $641,437 | 2047 |
| Meadowlark Apartments | 360 | 2.37% | $18.0 million | 2054 |
| Braeburn Village | 401 | 2.38% | $20.3 million | 2056 |
| 1010 Central Apartments | 86 | 2.42% | $3.2 million | 2053 |
| Southern Dunes | 384 | 2.5% | $35.8 million | 2056 |
| Monon Place Phase II | 136 | 2.53% | $18.1 million | 2056 |
| Auburn Hill | 160 | 2.55% | $5.6 million | 2048 |
| Peppermill Farms | 160 | 2.59% | $11.8 million | 2057 |
| Cox Creek at Reagan Crossing | 120 | 2.61% | $12.5 million | 2057 |
| Garden Arch Apartments | 40 | 2.64% | $685,861 | 2048 |
| Thompson Village Apartments | 240 | 2.64% | $3.9 million | 2047 |
| Illinois Place Apartments | 50 | 2.65% | $2.2 million | 2054 |
| Landmark Apartments | 227 | 2.67% | $11.3 million | 2056 |
| The Point on Fall Creek | 59 | 2.7% | $2.5 million | 2053 |
| Willow Glen East | 320 | 2.71% | $4.9 million | 2038 |
| Northview | 103 | 2.83% | $4.2 million | 2048 |
| Lakes of Windsor | 440 | 2.84% | $17.3 million | 2047 |
| New Life Manor Apartments | 48 | 2.9% | $1.2 million | 2051 |
| Apollo Aurora Apartments | 28 | 2.95% | $696,407 | 2047 |
| Dakota Ridge I and II | 272 | 2.95% | $14.6 million | 2050 |
| Meridian Apartments | 49 | 2.95% | $1.7 million | 2051 |
| Woodlake Apts | 250 | 2.96% | $4.6 million | 2045 |
| Retreat on Washington | 62 | 2.98% | $938,436 | 2055 |
| Harness Factory Lofts | 99 | 2.99% | $9.2 million | 2047 |
| Waterford Place Apartments | 260 | 2.99% | $16.8 million | 2055 |
| Indiana Townhomes | 44 | 3% | $2.8 million | 2055 |
| Pier 39 Apartments | 202 | 3% | $14.7 million | 2055 |
| Covered Bridge | 252 | 3.1% | $13.2 million | 2054 |
| Ambassador | 60 | 3.12% | $3.5 million | 2048 |
| The Plaza | 30 | 3.12% | $1.8 million | 2048 |
| The Masters | 400 | 3.13% | $30.0 million | 2055 |
| Emma O Johnson Homes | 50 | 3.15% | $1.6 million | 2048 |
| Woods of Castleton | 260 | 3.23% | $14.5 million | 2052 |
| College Courts of Nora | 380 | 3.25% | $17.6 million | 2052 |
| North Willow Apartments | 130 | 3.25% | $10.3 million | 2055 |
| Steeples on Washington | 144 | 3.25% | $4.7 million | 2052 |
| The Towers | 307 | 3.25% | $8.6 million | 2047 |
| Monon Place I | 136 | 3.28% | $10.6 million | 2051 |
| Regency Park Apartments | 304 | 3.28% | $20.5 million | 2055 |
| Murphys Landing | 200 | 3.29% | $10.9 million | 2053 |
| City Heights Apartment Homes | 200 | 3.32% | $29.0 million | 2066 |
| Glen Howard Manor | 48 | 3.35% | $708,537 | 2050 |
| Cross Creek Apartments | 208 | 3.4% | $10.8 million | 2052 |
| Goodwin Place | 101 | 3.4% | $2.8 million | 2049 |
| Meadowlark Apartments | 360 | 3.42% | $2.2 million | 2053 |
| 800 N. Capitol LP | 111 | 3.43% | $10.0 million | 2050 |
| Foxhill Manor Cooperative | 72 | 3.45% | $980,911 | 2044 |
| Franklin Cove | 100 | 3.45% | $4.0 million | 2049 |
| Fletcher Point Development Properties | 75 | 3.46% | $8.8 million | 2051 |
| Slate Apartments | 68 | 3.48% | $11.6 million | 2054 |
| Ahepa 232 | 72 | 3.5% | $2.7 million | 2050 |
| Lakeview Village | 90 | 3.5% | $1.5 million | 2042 |
| Northside Flats | 219 | 3.5% | $9.3 million | 2050 |
| Community Place Apartments | 131 | 3.53% | $3.2 million | 2047 |
| Turnverein Apartments | 51 | 3.53% | $2.4 million | 2047 |
| Utomin Apartments | 38 | 3.53% | $649,677 | 2047 |
| Ahepa 232 Phase II | 50 | 3.65% | $2.1 million | 2050 |
| East Village at Avondale | 248 | 3.7% | $2.8 million | 2049 |
| Creek Bay Apartments | 208 | 3.73% | $8.4 million | 2049 |
| Brownstone Apartments | 95 | 3.75% | $1.5 million | 2053 |
| Spruce Manor Senior Apts | 138 | 3.75% | $823,835 | 2042 |
| The Maxwell Apts | 105 | 3.75% | $15.0 million | 2053 |
| Kenwood Place | 74 | 3.8% | $1.6 million | 2044 |
| Windsor Park Apartments | 77 | 3.82% | $1.2 million | 2048 |
| 707 North Apts | 40 | 3.85% | $1.4 million | 2046 |
| Broad Ripple Apartments | 113 | 3.85% | $12.0 million | 2057 |
| Cloverleaf Apartments | 136 | 3.85% | $1.4 million | 2041 |
| 26 West | 30 | 3.9% | $3.0 million | 2049 |
| Crestwood Village North | 85 | 3.91% | $3.9 million | 2051 |
| Buckingham & Balmoral Apartments | 93 | 3.96% | $8.9 million | 2057 |
| Richelieu Apartments | 62 | 4.07% | $7.2 million | 2054 |
| Campus Apartments | 105 | 4.21% | $6.5 million | 2053 |
| University Center Apts. | 50 | 4.25% | $1.5 million | 2047 |
| Barrington Estates | 144 | 4.4% | $9.6 million | 2053 |
| Opportunities Park | 40 | 4.45% | $980,879 | 2042 |
| Bethel Townhomes | 94 | 4.51% | $2.6 million | 2060 |
| Cedar Commons | 74 | 4.65% | $1.5 million | 2041 |
| The Haciendas | 218 | 4.78% | $6.7 million | 2055 |
| Bradford Lake Apartments | 358 | 5.25% | $25.9 million | 2057 |
| Waterfront Terrace Apartments | 212 | 5.25% | $13.5 million | 2058 |
| Rink Savoy | 61 | 5.58% | $6.5 million | 2061 |
| Cloverleaf Apartments Phase II | 194 | 5.86% | $16.0 million | 2060 |
| Cloverleaf III | 94 | 5.86% | $11.5 million | 2060 |
| Partners Preservation Project | 134 | 5.87% | $6.0 million | 2064 |
| Redwood Indianapolis (camden Oakes) - Phase III | 68 | 6.09% | $9.0 million | 2058 |
| Byrne Court Apartments | 50 | 6.24% | $1.3 million | 2043 |
| Fall Creek Village I | 67 | 6.25% | $231,363 | 2035 |
Most-active servicers here: Merchants Capital Corp. (77), Lument Real Estate Capital, Ll (4), Berkadia Commercial Mortgage L (3).
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Grouped by the city HUD records for each property.
Buying or refinancing in Indianapolis?
The Janover Capital desk can tell you whether an existing HUD loan can move with the property, and what a new one would size to.