HUD-insured apartment loans in Lansing, MI
14 properties in Lansing with 1,214 units have FHA-insured mortgages, owing $64.3 million in all. The median note rate is 3.075%; the lowest is 2.38% at Somerset Apartments.
| Property | Units | Rate | Balance | Matures |
|---|---|---|---|---|
| Somerset Apartments | 100 | 2.38% | $2.5 million | 2047 |
| Prudden Place | 72 | 2.39% | $4.2 million | 2056 |
| Westbury Lake | 124 | 2.39% | $6.4 million | 2056 |
| Summerhill Estate Apartments | 129 | 2.52% | $6.1 million | 2055 |
| Verndale Apartments | 84 | 2.54% | $7.7 million | 2057 |
| Capitol Commons I | 146 | 2.55% | $3.9 million | 2043 |
| Coronado Gardens Cooperative | 64 | 2.95% | $526,443 | 2047 |
| Cranbrook Manor Apts | 136 | 3.2% | $2.1 million | 2043 |
| Metro Place Apts | 145 | 3.39% | $15.6 million | 2060 |
| Collingwood Apartments | 60 | 4% | $2.5 million | 2049 |
| Capital Gardens Apartment | 20 | 5.8% | $642,820 | 2042 |
| The Porter Apartments | 98 | 5.9% | $10.9 million | 2064 |
| Independence Square | 24 | 6.05% | $758,089 | 2042 |
| Washington Woods Apartments | 12 | 6.5% | $340,394 | 2043 |
Most-active servicers here: Midland States Bank (3), Arbor Agency Lending, LLC (3), Grandbridge Real Estate Capita (2).
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 Lansing?
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.