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Watts Arms II Apartments

FHA New Construction & Substantial Rehab

Endorsed April 25, 2024

FHA #12235767

Deal Details

Location
LOS ANGELES, California
Mortgage Amount
$6.8M
Units
39
Program
New Construction & Substantial Rehab
Lender
ROSE COMMUNITY CAPITAL
Fiscal Year
FY2024
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$6.8M($6.8M original)
Interest Rate
5.89%
Maturity
June 2065(39 years remaining)
Original Term
40 years
Holder
ROSE COMMUNITY CAPITAL
Servicer
ROSE COMMUNITY CAPITAL

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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