HUD-insured apartment loans in Somerville, MA
7 properties in Somerville with 1,528 units have FHA-insured mortgages, owing $159.1 million in all. The median note rate is 4.38%; the lowest is 2.5% at Cobble Hill.
| Property | Units | Rate | Balance | Matures |
|---|---|---|---|---|
| Cobble Hill | 224 | 2.5% | $59.2 million | 2055 |
| Pearl Street Park | 86 | 3.15% | $13.6 million | 2052 |
| Clarendon Hill Towers | 501 | 3.75% | $12.4 million | 2042 |
| Mt. Pleasant Apartments | 65 | 4.38% | $11.6 million | 2054 |
| Bf Faulkner Tower | 130 | 4.6% | $8.4 million | 2052 |
| Waterworks II | 21 | 5.681% | $4.0 million | 2065 |
| Clarendon Hill Towers | 501 | 6.4% | $50.0 million | 2059 |
Most-active servicers here: Masshousing (4), Lument Real Estate Capital, Ll (2), Keybank National Association (1).
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 Somerville?
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.