HUD-insured apartment loans in Grand Rapids, MN
4 properties in Grand Rapids with 247 units have FHA-insured mortgages, owing $9.6 million in all. The median note rate is 4.5%; the lowest is 2.57% at Colony Square Cooperative.
| Property | Units | Rate | Balance | Matures |
|---|---|---|---|---|
| Colony Square Cooperative | 37 | 2.57% | $2.7 million | 2047 |
| Aurora Heights | 56 | 3.75% | $3.4 million | 2062 |
| Pine Ridge Apartments | 100 | 5.25% | $2.1 million | 2046 |
| River South Apartments | 54 | 5.59% | $1.4 million | 2052 |
Most-active servicers here: Minnesota Housing Finance Agen (2), Wells Fargo Bank NA (1), Jll Real Estate Capital, LLC (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 Grand Rapids?
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.