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Gateway Rising Apartments

FHA HFA Risk Sharing (542c)

Endorsed July 24, 2024

FHA #12198095

Deal Details

Location: MENLO PARK, California
Mortgage Amount: $44.4M
Units: 138
Program: HFA Risk Sharing (542c)
Lender: CALIFORNIA HFA
Fiscal Year: FY2024
LIHTC: Yes

Current Loan Status

Active

Outstanding Balance: $43.5M($44.4M original)
Interest Rate: 3.77%
Maturity: May 2054(28 years remaining)
Original Term: 30 years
Holder: CALIFORNIA HOUSING FINANCE
Servicer: CALIFORNIA HOUSING FINANCE

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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