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Beachwinds Apartments

FHA HFA Risk Sharing (542c)

Endorsed November 23, 2022

FHA #01698156

Deal Details

Location
NARRAGANSETT, Rhode Island
Mortgage Amount
$10.8M
Units
104
Program
HFA Risk Sharing (542c)
Lender
RHODE ISLAND HFA
Fiscal Year
FY2023
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$10.4M($10.8M original)
Interest Rate
4.13%
Maturity
November 2039(14 years remaining)
Original Term
16 years, 11 months
Holder
RHODE ISLAND HSG MTGE FIN CORP
Servicer
RHODE ISLAND HSG MTGE FIN CORP

Source: HUD BF90 Active Insured Mortgages · Data as of February 2026

Data Sources

Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database

Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026

hud.gov multifamily data

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