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Browns Woods Apartments

FHA New Construction & Substantial Rehab

Endorsed December 22, 2021

FHA #03535107

Deal Details

Location
BROWNS MILLS, New Jersey
Mortgage Amount
$18.0M
Units
150
Program
New Construction & Substantial Rehab
Lender
PGIM Real Estate
Fiscal Year
FY2022
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$17.2M($18.0M original)
Interest Rate
2.69%
Maturity
April 2063(37 years remaining)
Original Term
40 years
Holder
PGIM Real Estate
Servicer
PGIM Real Estate

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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