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FHA apartment and care-home loans
Apartment, senior-housing, nursing-home and hospital loans insured by the Federal Housing Administration: by program, by state, who holds and services the balance, and the newest loans.
Active loans
15,776
as of Oct 31, 2026
Balance outstanding
$194.1B
HUD's schedule
Latest file
First file loaded
Oct 31, 2026
By program
| The program is the section of the National Housing Act under which HUD insures the loan. We group the sections in plain English. | The balance is HUD's own amortization-schedule figure, assuming every payment is made on time. It can differ from a servicer's statement. Terminated loans carry no balance. | |||
|---|---|---|---|---|
| Buying or refinancing existing apartments (223(f)) | 5,729 | $68.5B | 1,576 loans, $30.2B | 14,697 |
| New apartments, for-profit (221(d)(4)) | 2,166 | $42.8B | 624 loans, $18.1B | 12,925 |
| Nursing homes, assisted living and care homes (232) | 4,073 | $42.3B | 1,407 loans, $21.4B | 13,531 |
| Refinancing an existing HUD loan (223(a)(7)) | 2,147 | $17.0B | 43 loans, $1.13B | 6,852 |
| Risk-sharing with a state housing agency (542) | 1,391 | $14.4B | 371 loans, $7.07B | 2,499 |
| Hospitals (242) | 76 | $5.38B | 11 loans, $1.19B | 493 |
| New construction, other programs | 118 | $2.68B | 32 loans, $992.1M | 3,432 |
| Repairs and additions (241) | 71 | $822.3M | 46 loans, $625.5M | 782 |
| New apartments, nonprofit and cooperative (221(d)(3)) | 3 | $23.3M | — | 3,767 |
| Other FHA programs | 2 | $7.72M | — | 1,057 |
| Older programs | 0 | $0 | — | 6,139 |
| Operating-loss loans (223(d)) | 0 | $0 | — | 133 |
| Wartime and military housing | 0 | $0 | — | 8,371 |
The program is the section of the National Housing Act under which HUD insures the loan. We group the sections in plain English. Balances are for active loans only.
By state
| The balance is HUD's own amortization-schedule figure, assuming every payment is made on time. It can differ from a servicer's statement. Terminated loans carry no balance. | ||
|---|---|---|
| Texas | 1,269 | $22.5B |
| New York | 702 | $17.2B |
| California | 1,016 | $12.8B |
| Massachusetts | 777 | $10.7B |
| Florida | 604 | $10.4B |
| Virginia | 421 | $8.35B |
| Illinois | 808 | $8.27B |
| Maryland | 546 | $8.17B |
| Ohio | 976 | $6.56B |
| North Carolina | 569 | $6.22B |
| New Jersey | 297 | $5.96B |
| Michigan | 628 | $5.40B |
| Minnesota | 622 | $4.89B |
| South Carolina | 246 | $4.34B |
| Indiana | 521 | $3.97B |
| Tennessee | 334 | $3.93B |
| Colorado | 292 | $3.92B |
| Pennsylvania | 408 | $3.82B |
| Georgia | 351 | $3.74B |
| Washington | 295 | $3.64B |
| Missouri | 289 | $2.97B |
| Wisconsin | 341 | $2.84B |
| Louisiana | 256 | $2.76B |
| Utah | 167 | $2.69B |
| Oregon | 228 | $2.53B |
| Arizona | 171 | $2.21B |
| Connecticut | 206 | $2.02B |
| Alabama | 224 | $1.79B |
| Kentucky | 247 | $1.51B |
| Rhode Island | 156 | $1.50B |
| Oklahoma | 152 | $1.48B |
| Nevada | 80 | $1.42B |
| District of Columbia | 93 | $1.38B |
| Nebraska | 120 | $1.23B |
| New Hampshire | 164 | $1.20B |
| Iowa | 186 | $1.17B |
| New Mexico | 84 | $1.07B |
| Arkansas | 143 | $1.04B |
| West Virginia | 94 | $843.3M |
| Montana | 50 | $731.3M |
| Mississippi | 138 | $700.9M |
| Delaware | 37 | $674.6M |
| Kansas | 128 | $665.0M |
| Idaho | 65 | $656.4M |
| Maine | 81 | $556.7M |
| Hawaii | 21 | $401.1M |
| Puerto Rico | 32 | $309.8M |
| South Dakota | 31 | $281.5M |
| North Dakota | 29 | $217.4M |
| Vermont | 41 | $181.9M |
| Wyoming | 31 | $179.9M |
| Alaska | 6 | $45.8M |
| Virgin Islands | 3 | $11.1M |
The state is the property's state. Choose a state to filter the newest loans below.
Who holds and services the balance
HUD names the current holder and the current servicer of each loan, not the lender that made it. A loan that was sold shows under its buyer, so a company's balance here is what it holds or services today. Where a company owns the name, it is shown beside it.
Largest servicers
| The balance is HUD's own amortization-schedule figure, assuming every payment is made on time. It can differ from a servicer's statement. Terminated loans carry no balance. | ||
|---|---|---|
| Lument Real Estate Capital, Ll Owned by IX (foreign parent) | 2,425 | $25.1B |
| Greystone Servicing Company Ll | 1,046 | $17.9B |
| Berkadia Commercial Mortgage L | 1,344 | $16.3B |
| Dwight Capital LLC | 787 | $13.4B |
| Walker and Dunlop LLC Owned by WD | 1,004 | $12.8B |
| Merchants Capital Corp. Owned by MBIN | 898 | $9.52B |
| Wells Fargo Bank NA Owned by WFC | 525 | $7.65B |
| Keybank National Association Owned by KEY | 407 | $7.04B |
| Newpoint Real Estate Capital L Owned by FBRT | 389 | $5.55B |
| Pgim Real Estate Agency Financ Owned by PRU | 455 | $5.30B |
| Gershman Investment Corp | 356 | $5.18B |
| Masshousing | 354 | $4.98B |
| Colliers Mortgage LLC Owned by CIGI | 352 | $4.49B |
| Jll Real Estate Capital, LLC Owned by JLL | 286 | $4.23B |
| Capital Funding LLC | 519 | $4.12B |
| New York City Hous Dev Corp | 72 | $3.71B |
| M and T Realty Capital Corpora Owned by MTB | 190 | $3.48B |
| PNC Bank, National Association Owned by PNC | 430 | $3.02B |
| CBRE HMF Inc Owned by CBRE | 159 | $2.90B |
| Vium Capital Mortgage LLC | 181 | $2.43B |
| Bellwether Enterprise Real Est | 242 | $2.38B |
| Grandbridge Real Estate Capita Owned by TFC | 260 | $2.36B |
| Agm Financial Services Inc | 132 | $2.35B |
| Arbor Agency Lending, LLC Owned by ABR | 114 | $1.72B |
| Highland Commercial Mortgage L | 108 | $1.64B |
Largest holders
| The balance is HUD's own amortization-schedule figure, assuming every payment is made on time. It can differ from a servicer's statement. Terminated loans carry no balance. | ||
|---|---|---|
| Lument Real Estate Capital, Ll Owned by IX (foreign parent) | 2,414 | $25.0B |
| Greystone Funding Company LLC | 970 | $16.8B |
| Berkadia Commercial Mortgage L | 1,298 | $15.2B |
| Dwight Capital LLC | 787 | $13.4B |
| Walker and Dunlop LLC Owned by WD | 992 | $12.7B |
| Merchants Capital Corp. Owned by MBIN | 764 | $7.98B |
| Wells Fargo Bank NA Owned by WFC | 502 | $7.50B |
| Keybank National Association Owned by KEY | 394 | $6.76B |
| Newpoint Real Estate Capital L Owned by FBRT | 389 | $5.55B |
| Gershman Investment Corp | 356 | $5.18B |
| Pgim Real Estate Agency Financ Owned by PRU | 450 | $4.98B |
| Masshousing | 354 | $4.98B |
| Colliers Mortgage LLC Owned by CIGI | 351 | $4.48B |
| Jll Real Estate Capital, LLC Owned by JLL | 286 | $4.23B |
| Capital Funding LLC | 518 | $4.12B |
| New York City Hous Dev Corp | 73 | $3.72B |
| M and T Realty Capital Corpora Owned by MTB | 190 | $3.48B |
| PNC Bank, National Association Owned by PNC | 420 | $2.94B |
| CBRE HMF Inc Owned by CBRE | 159 | $2.90B |
| Vium Capital Mortgage LLC | 181 | $2.43B |
| Agm Financial Services Inc | 133 | $2.37B |
| Bellwether Enterprise Real Est | 241 | $2.35B |
| Grandbridge Real Estate Capita Owned by TFC | 253 | $2.33B |
| Arbor Agency Lending, LLC Owned by ABR | 114 | $1.72B |
| Highland Commercial Mortgage L | 108 | $1.64B |
A joint venture is owned by more than one company. It is shown once, as a joint venture, with its owners named. Its loans are not added to any owner's total, because the owners would then be counted twice. These are the lending units of the company that HUD names, matched by name or HUD number after review. They are not the company's whole mortgage business, only the FHA-insured part.
Newest loans in Montana
| Apartments for residential loans; beds for nursing homes and other care facilities. | The program is the section of the National Housing Act under which HUD insures the loan. We group the sections in plain English. | HUD names the current holder and the current servicer of each loan, not the lender that made it. A loan that was sold shows under its buyer, so a company's balance here is what it holds or services today. | |||||
|---|---|---|---|---|---|---|---|
| Jun 18, 2026 | Holiday West Apartments | Great Falls, MT | 48 | $2.50M | 5.65% | 223(f) purchase or refinance of apartments | Lument Real Estate Capital, Ll |
| May 20, 2026 | Yellowstone Landing | Belgrade, MT | 168 | $37.9M | 4.82% | 223(f) purchase or refinance of apartments | Berkadia Commercial Mortgage L |
| Apr 23, 2026 | Aurora Apartments Homes | Great Falls, MT | 288 | $51.9M | 5.44% | 223(f) purchase or refinance of apartments | Colliers Mortgage LLC |
| Mar 17, 2026 | Artisan Grove | Helena, MT | 288 | $69.6M | 5.55% | 221(d)(4) new construction or substantial rehabilitation | Berkadia Commercial Mortgage L |
| Oct 23, 2025 | Northwest Crossing Apartment Homes Phase I | Bozeman, MT | 203 | $56.5M | 5.49% | 223(f) purchase or refinance of apartments | Berkadia Commercial Mortgage L |
| Oct 1, 2025 | Village Cooperative of Billings | Billings, MT | 58 | $15.1M | 6.40% | Other new construction or substantial rehabilitation (213 cooperatives, 220 urban renewal, 231 elderly) | Colliers Mortgage LLC |
| Aug 27, 2025 | Aspen Village Apartments | Great Falls, MT | 60 | $9.16M | 6.07% | 221(d)(4) new construction or substantial rehabilitation | Colliers Mortgage LLC |
| May 29, 2025 | Franklin School Apartments | Great Falls, MT | 40 | $5.77M | 5.94% | 221(d)(4) new construction or substantial rehabilitation | Merchants Capital Corp. |
| Nov 17, 2023 | Baxter Apartments | Bozeman, MT | 48 | $5.55M | 6.10% | 221(d)(4) new construction or substantial rehabilitation | Berkadia Commercial Mortgage L |
| Sep 15, 2023 | 2131 Graf Phase Ii | Bozeman, MT | 260 | $72.8M | 5.75% | 221(d)(4) new construction or substantial rehabilitation | Berkadia Commercial Mortgage L |
| May 11, 2023 | South Forty Apartments | Billings, MT | 101 | $16.1M | 4.89% | 223(f) purchase or refinance of apartments | Pgim Real Estate Agency Financ |
| Feb 15, 2023 | Pioneer Care and Rehabilitation | Dillon, MT | 46 | $6.40M | 6.09% | 232 healthcare and senior housing (nursing homes, assisted living, board and care) | Greystone Funding Company LLC Servicer: Greystone Servicing Company Ll |
| Feb 15, 2023 | Park Place Transitional Care and Rehabilitation | Great Falls, MT | 115 | $12.6M | 5.69% | 232 healthcare and senior housing (nursing homes, assisted living, board and care) | Greystone Funding Company LLC Servicer: Greystone Servicing Company Ll |
| Nov 17, 2022 | Comstock Apartments | Bozeman, MT | 86 | $10.1M | 4.60% | 221(d)(4) new construction or substantial rehabilitation | Berkadia Commercial Mortgage L |
| Oct 26, 2022 | Beaverhead Villa | Dillon, MT | 42 | $2.86M | 4.31% | 223(f) purchase or refinance of apartments | Greystone Funding Company LLC Servicer: Greystone Servicing Company Ll |
| Sep 29, 2022 | Interurban Apartment Homes 2.0 | Billings, MT | 216 | $37.7M | 4.76% | 221(d)(4) new construction or substantial rehabilitation | Dwight Capital LLC |
| Jul 28, 2022 | Bridger Peaks | Bozeman, MT | 60 | $7.27M | 4.00% | 221(d)(4) new construction or substantial rehabilitation | Berkadia Commercial Mortgage L |
| Mar 18, 2022 | 2131 Graf | Bozeman, MT | 195 | $51.0M | 3.03% | 221(d)(4) new construction or substantial rehabilitation | Berkadia Commercial Mortgage L |
| Dec 16, 2021 | Meadowlands Ii | Butte, MT | 24 | $3.47M | 2.33% | 223(f) purchase or refinance of apartments | Gershman Investment Corp |
| Oct 21, 2021 | Aspen 110 Apartments | Whitefish, MT | 43 | $5.12M | 2.29% | 223(f) purchase or refinance of apartments | Grandbridge Real Estate Capita |
| Oct 8, 2021 | Hidden Meadow Memory Care | Columbia Falls, MT | 25 | $6.30M | 2.51% | 232 healthcare and senior housing (nursing homes, assisted living, board and care) | Berkadia Commercial Mortgage L |
| Sep 21, 2021 | Copper Ridge 4 | Butte, MT | 32 | $3.47M | 2.33% | 223(f) purchase or refinance of apartments | Gershman Investment Corp |
| Sep 21, 2021 | Copper Ridge 9 | Butte, MT | 32 | $2.41M | 2.25% | 223(f) purchase or refinance of apartments | Gershman Investment Corp |
| May 27, 2021 | Shiloh Commons | Billings, MT | 144 | $34.2M | 2.65% | 223(f) purchase or refinance of apartments | Dwight Capital LLC |
| Mar 30, 2021 | The Lodge Senior Living Community | Great Falls, MT | 136 | $7.36M | 2.79% | 232 healthcare and senior housing (nursing homes, assisted living, board and care) | Greystone Funding Company LLC Servicer: Greystone Servicing Company Ll |
| Mar 19, 2021 | Silvertip Apartments | Missoula, MT | 115 | $6.57M | 2.79% | 223(a)(7) refinance of an FHA-insured loan | Merchants Capital Servicing Ll Servicer: Merchants Capital Corp. |
| Dec 17, 2020 | Icon Apartment Homes At Ferguson Farm Phase Ii | Bozeman, MT | 120 | $26.0M | 2.76% | 221(d)(4) new construction or substantial rehabilitation | Berkadia Commercial Mortgage L |
| Nov 30, 2020 | Laurel Health and Rehabilitation Center | Laurel, MT | 126 | $6.75M | 2.27% | 232 healthcare and senior housing (nursing homes, assisted living, board and care) | Berkadia Commercial Mortgage L |
| Oct 30, 2020 | Highgate Senior Living | Bozeman, MT | 232 | $22.1M | 3.00% | 232 healthcare and senior housing (nursing homes, assisted living, board and care) | Grandbridge Real Estate Capita |
| Oct 29, 2020 | Interpointe Apartment Homes | Billings, MT | 160 | $15.8M | 2.63% | 223(a)(7) refinance of an FHA-insured loan | Dwight Capital LLC |
The newest endorsements, by date. Each property links to its own page. HUD names the current holder and the current servicer of each loan, not the lender that made it. A loan that was sold shows under its buyer, so a company's balance here is what it holds or services today. HUD names the current holder and servicer of each loan, not the lender that made it. Balances are HUD's amortization-schedule figures. Source: HUD Insured Multifamily Mortgages.
About this data
HUD publishes the full list of insured apartment, senior-housing, nursing-home and hospital mortgages once a month, as of the end of the month before. It names the property, the loan and the current holder and servicer. It names no individual borrower.
Apartments for residential loans; beds for nursing homes and other care facilities.
Source: HUD Insured Multifamily Mortgages ↗. We are not affiliated with HUD. Source and freshness · Information, not investment advice (disclaimer).