September 2026 HUD file
HUD-insured apartment loans in Rhode Island
134 properties with 14,465 units carry FHA-insured mortgages in Rhode Island, with $1.1 billion still owed. The median note rate is 5.555%, and 18 of them are below 4%.
134insured loans
5.555%median note rate
$1.1 billionbalance outstanding
5.54%median on loans endorsed in the last 12 months, all states
By program
| 223(f) purchase or refinance | 29 |
|---|---|
| 221(d)(4) construction or substantial rehab | 2 |
| 223(a)(7) refinance | 9 |
| HFA risk-sharing | 94 |
Lowest rates with 10+ years left
These are the loans a buyer would most want to assume. Open one for the payment math.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Woodland Apartments | Coventry | 276 | 2.14% | $27.0 million | 2056 |
| Fox Point Manor | Providence | 99 | 2.2% | $11.1 million | 2056 |
| Bullocks Point Village Apartments | East Providence | 174 | 2.25% | $12.7 million | 2056 |
| Walnut Hill Apartments | Woonsocket | 125 | 2.34% | $4.4 million | 2047 |
| Merchants Village Apartments | Westerly | 115 | 2.38% | $13.6 million | 2057 |
| Trafalgar East | East Greenwich | 164 | 2.52% | $7.6 million | 2055 |
| 1 Lofts | Pawtucket | 112 | 2.82% | $15.1 million | 2056 |
| Westcott Terrace Apartments | West Warwick | 156 | 2.88% | $10.7 million | 2056 |
| Rolling Green Apartments | Newport | 201 | 3.35% | $11.7 million | 2052 |
| Bayside Village | Newport | 111 | 3.35% | $6.0 million | 2052 |
| Doyle Manor | Pawtucket | 83 | 3.41% | $3.6 million | 2051 |
| Asqah Cooperative | North Kingstown | 96 | 3.46% | $809,907 | 2038 |
| Cathedral Square Apts I | Providence | 100 | 3.5% | $10.1 million | 2053 |
| Monsignor Deangelis Manor II | West Warwick | 80 | 3.75% | $2.1 million | 2040 |
| Grace Church Apartments | Providence | 101 | 3.8% | $9.1 million | 2058 |
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Paying off within five years
Most HUD loans amortize to zero, so these balances are usually small. The owners are deciding what to do with a nearly paid-off property.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Regal Court | E Greenwich | 35 | 8.6% | $44,584 | 2027 |
| Barrington Cove Apts | Barrington | 60 | 8% | $93,249 | 2027 |
| Meadowbrook Apts | South Kingston | 47 | 8.6% | $205,981 | 2028 |
| Bistol Assisted Living | Bristol | 92 | 8.25% | $1.2 million | 2031 |
By city
- Providence 32
- Pawtucket 13
- Newport 10
- East Providence 9
- Cranston 7
- Warwick 7
- Woonsocket 7
- North Providence 6
- Cumberland 4
- North Kingstown 4
- West Warwick 4
Everywhere else in Rhode Island
- Barrington Cove Apts Barrington · 8%
- Bistol Assisted Living Bristol · 8.25%
- Bradford Court Apartments Burrillville · 4.05%
- Still Water Apartments Burrillville · 6.5%
- Woodland Apartments Coventry · 2.14%
- Regal Court E Greenwich · 8.6%
- Brookside Terrace Phase II East Greenwich · 6.49%
- Trafalgar East East Greenwich · 2.52%
- Pine View Apartments Exeter · 4.25%
- New Canonchet Cliffs Hope Valley · 5.85%
- Canonchet Cliffs Hopkinton · 5.5%
- Rockville Mill Hopkinton · 6.32%
- Washington Hill Apartments Lincoln · 4.46%
- West House II Middletown · 6.5%
- Beachwinds Apartments Narragansett · 4.125%
- Driftwood Apartments Narragansett · 6.5%
- Fieldstone Apartments Narragansett · 6.65%
- Colonial Village Apartments North Smithfield · 7%
- Deerfield Apartments North Smithfield · 7%
- Gatewood Apartments North Smithfield · 5.45%
- Anthony House Portsmouth · 6.6%
- Quaker Manor Portsmouth · 4.19%
- Esmond Village Smithfield · 3.96%
- Georgiaville Apartments Smithfield · 4.42%
- Meadowbrook Apts South Kingston · 8.6%
- Peace Dale Estates South Kingstown · 3.95%
- Bourne Mill Phase III Tiverton · 6.5%
- Bourne Mills Tiverton · 6.96%
- Indian Run Village Apartment Wakefield · 5.55%
- Babcock Village Apartments Westerly · 4.49%
- Merchants Village Apartments Westerly · 2.38%
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Apartment loans only; nursing homes, assisted living and hospitals in the same file are not counted.
Own or buying in this state?
Send the property to the Janover Capital desk for a read on assumption, 223(a)(7) or a new HUD loan.