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AZURE ESTATES (fka STONYBROOK APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed October 31, 2019

FHA #06635338

Deal Details

Location: RIVIERA BEACH, Florida
Mortgage Amount: $40.0M
Units: 216
Program: New Construction & Substantial Rehab
Lender: Berkadia Commercial Mortgage LLC
Fiscal Year: FY2020
LIHTC: Yes

Current Loan Status

Active

Outstanding Balance: $37.8M($40.0M original)
Interest Rate: 3.69%
Maturity: July 2061(35 years remaining)
Original Term: 40 years
Holder: Berkadia Commercial Mortgage LLC
Servicer: Berkadia Commercial Mortgage LLC

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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