RI HUD FHA Multifamily Loan Step-Down & Section 8 Rent-Upside Directory

Tracked Assets: 70 · Total FHA Debt: $948,948,500 · Annual Section 8 Mark-Up-To-Market Upside: +$36,494/yr

Property / FHA #Original FHA Loan10-Yr Step-Down StatusSec 8 Rent-to-FMR UpsideTRACS Management Agent
WIGGIN VILLAGE APARTMENTS
Providence, RI · FHA #016-35118
$17,495,9000% PAR REFI UNLOCKED124.4% FMR (+$0/yr)Winn Management Company LLC
dfortier@winnco.com
PLAZA VILLAGE
Woonsocket, RI · FHA #016-98136
$15,450,0001% NEAR-PAR STEP-DOWN WINDOW99.8% FMR (+$1,364/yr)Ferland Corporation
hoel@wdchoc.org
DEvan Manor
Cranston, RI · FHA #016-98143
$14,000,0002% NEAR-PAR STEP-DOWN WINDOW129.9% FMR (+$0/yr)New England Realty Trust LLC
locked-tracs-contact@••••.com (Pro Unlock)
The Admiralty
Newport, RI · FHA #016-11072
$13,900,0001% NEAR-PAR STEP-DOWN WINDOW0.0% FMR (+$0/yr)Community Habitat, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
SAINT ELIZABETH PLACE
Providence, RI · FHA #016-98137
$12,000,0002% NEAR-PAR STEP-DOWN WINDOW124.4% FMR (+$0/yr)St. Elizabeth Home
locked-tracs-contact@••••.com (Pro Unlock)
CATHEDRAL SQUARE APTS I
Providence, RI · FHA #016-11069
$11,790,0002% NEAR-PAR STEP-DOWN WINDOW176.7% FMR (+$0/yr)Property Advisory Group, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
WASHINGTON HILL
Lincoln, RI · FHA #016-98126
$11,400,0000% PAR REFI UNLOCKED143.1% FMR (+$0/yr)SHP Management Corp
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BOURNE MILL
Tiverton, RI · FHA #016-98094
$11,250,0000% PAR REFI UNLOCKED0.0% FMR (+$0/yr)Peabody Properties, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
CHERRY BRIGGS
Johnston, RI · FHA #016-98124
$10,700,0001% NEAR-PAR STEP-DOWN WINDOW147.4% FMR (+$0/yr)POAH Communities LLC
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HILLCREST VILLAGE
Providence, RI · FHA #016-98081
$10,500,0000% PAR REFI UNLOCKED131.0% FMR (+$0/yr)POAH Communities LLC
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CHIMNEY HILL
Cumberland, RI · FHA #016-98127
$10,300,0000% PAR REFI UNLOCKED168.8% FMR (+$0/yr)Peabody Properties, Inc.
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GRACE APARTMENTS
Providence, RI · FHA #016-35126
$10,249,4002% NEAR-PAR STEP-DOWN WINDOW167.4% FMR (+$0/yr)POAH Communities LLC
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1 Lofts
Pawtucket, RI · FHA #016-11077
$16,736,000LOCKOUT STEP-DOWN (5% PENALTY)0.0% FMR (+$0/yr)Mayfair Management LLC
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MAPLEWOOD TERRACE
Providence, RI · FHA #016-11096
$12,832,300HIGH-RATE VINTAGE (2023) IRR RESET141.6% FMR (+$0/yr)New England Realty Trust LLC
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Summer Street Apartments
Providence, RI · FHA #TRACS-800256647
$14,960,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)135.5% FMR (+$0/yr)Crossroads RI
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WICKFORD VILLAGE
North Kingstown, RI · FHA #TRACS-800019439
$10,965,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)153.3% FMR (+$0/yr)North Dartmouth Properties, Inc.
locked-tracs-contact@••••.com (Pro Unlock)
Kent Farm Apartment Homes
East Providence, RI · FHA #016-11088
$41,638,800HIGH-RATE VINTAGE (2022) IRR RESET127.4% FMR (+$0/yr)HK Management LLC
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SCITUATE VISTA
Cranston, RI · FHA #016-11103
$32,961,000HIGH-RATE VINTAGE (2023) IRR RESET133.7% FMR (+$0/yr)National Investments LTD
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SPARROWS POINT III
Warwick, RI · FHA #016-11101
$24,106,100HIGH-RATE VINTAGE (2024) IRR RESET132.1% FMR (+$0/yr)National Investments LTD
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BEAR HILL VIL
Cumberland, RI · FHA #016-98174
$21,750,000HIGH-RATE VINTAGE (2022) IRR RESET166.4% FMR (+$0/yr)Wingate Management Company, LLC
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Three Sisters
Providence, RI · FHA #016-98151
$21,000,000HIGH-RATE VINTAGE (2022) IRR RESET142.9% FMR (+$0/yr)Wingate Management Company, LLC
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SPARROWS POINT I
Warwick (Rr Name Appona, RI · FHA #016-11099
$20,137,400HIGH-RATE VINTAGE (2024) IRR RESET139.0% FMR (+$0/yr)National Investments LTD
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CATHEDRAL SQUARE APTS II
Providence, RI · FHA #016-98188
$19,900,000HIGH-RATE VINTAGE (2024) IRR RESET182.5% FMR (+$0/yr)Property Advisory Group, Inc.
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SLATER HILL APARTMENTS
Pawtucket, RI · FHA #016-11091
$19,829,800HIGH-RATE VINTAGE (2024) IRR RESET129.2% FMR (+$0/yr)Cornerstone Corporation
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SPARROWS POINT II
Warwick, RI · FHA #016-11100
$19,741,700HIGH-RATE VINTAGE (2024) IRR RESET130.3% FMR (+$0/yr)National Investments LTD
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580 South Water
Providence, RI · FHA #016-11095
$19,557,100HIGH-RATE VINTAGE (2023) IRR RESET0.0% FMR (+$0/yr)Churchill & Banks Companies LLC
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MARVIN GARDENS I
Providence, RI · FHA #016-98181
$16,500,000HIGH-RATE VINTAGE (2023) IRR RESET158.3% FMR (+$0/yr)Property Advisory Group, Inc.
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DOUGLAS MANOR APARTMENTS
North Providence, RI · FHA #016-98166
$13,935,000HIGH-RATE VINTAGE (2022) IRR RESET137.6% FMR (+$0/yr)Property Advisory Group, Inc.
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Beachwinds Apartments
Narragansett Pier, RI · FHA #016-98156
$10,750,000HIGH-RATE VINTAGE (2022) IRR RESET145.8% FMR (+$0/yr)POAH Communities LLC
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RIVEREDGE VILLAGE
Providence, RI · FHA #016-98167
$10,263,000HIGH-RATE VINTAGE (2023) IRR RESET110.9% FMR (+$0/yr)Cornell Management Corp
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LONSDALE SENIOR APARTMENTS
Pawtucket, RI · FHA #016-98138
$9,600,0002% NEAR-PAR STEP-DOWN WINDOW134.1% FMR (+$0/yr)Ferland Corporation
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BRADFORD COURT
Pascoag, RI · FHA #016-98130
$8,320,0000% PAR REFI UNLOCKED127.6% FMR (+$0/yr)Property Advisory Group, Inc.
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HAGAN MANOR
Providence, RI · FHA #016-98133
$8,210,0001% NEAR-PAR STEP-DOWN WINDOW141.8% FMR (+$0/yr)Ferland Corporation
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BROADWAY PLAZA
Providence, RI · FHA #016-11074
$7,912,8002% NEAR-PAR STEP-DOWN WINDOW147.4% FMR (+$0/yr)William J Canning Management LLC
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ESMOND VILLAGE
Smithfield, RI · FHA #016-98128
$7,500,0000% PAR REFI UNLOCKED135.2% FMR (+$0/yr)Manhattan Housing Specialists, Inc
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WOONSOCKET VILLAGE
Woonsocket, RI · FHA #016-98108
$7,480,0000% PAR REFI UNLOCKED102.2% FMR (+$0/yr)Housing Management Resources, Inc.
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BROOK VILLAGE
North Providence, RI · FHA #016-98111
$6,850,0000% PAR REFI UNLOCKED120.8% FMR (+$0/yr)The Property Management Company, Inc. (FKA CCI, Inc.)
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PIERCE MANOR
Providence, RI · FHA #016-98125
$6,200,0001% NEAR-PAR STEP-DOWN WINDOW132.9% FMR (+$0/yr)Cornell Management Corp
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ANTHONY HOUSE
Portsmouth, RI · FHA #016-98109
$6,150,0000% PAR REFI UNLOCKED93.0% FMR (+$31,987/yr)Phoenix Property Management Inc
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WALNUT HILL APTS
Woonsocket, RI · FHA #016-35122
$6,098,2000% PAR REFI UNLOCKED100.1% FMR (+$0/yr)Ferland Corporation
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CHARLESGATE EAST
Providence, RI · FHA #016-98122
$6,000,0000% PAR REFI UNLOCKED143.5% FMR (+$0/yr)Davenport Associates, Ltd.
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Maple Gardens I
North Providence, RI · FHA #016-11098
$8,368,800HIGH-RATE VINTAGE (2023) IRR RESET115.8% FMR (+$0/yr)Wingate Management Company, LLC
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Georgiaville Apartments
Smithfield, RI · FHA #016-11089
$6,800,000HIGH-RATE VINTAGE (2022) IRR RESET137.9% FMR (+$0/yr)Pinnacle Property Management LLC
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PARKIS PLACE
Providence, RI · FHA #016-98083
$3,800,0000% PAR REFI UNLOCKED121.5% FMR (+$0/yr)Davenport Associates, Ltd.
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West House II
Newport East, RI · FHA #016-98179
$2,480,000HIGH-RATE VINTAGE (2025) IRR RESET0.0% FMR (+$0/yr)Phoenix Property Management Inc
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WOODLAND APARTMENTS
Coventry, RI · FHA #016-11079
$30,400,000LOCKOUT STEP-DOWN (5% PENALTY)147.9% FMR (+$0/yr)HK Management LLC
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RUMFORD TOWERS
East Providence, RI · FHA #016-98145
$23,000,000LOCKOUT STEP-DOWN (3% PENALTY)151.8% FMR (+$0/yr)Ferland Corporation
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BABCOCK VILLAGE
Westerly, RI · FHA #016-98155
$17,779,000LOCKOUT STEP-DOWN (4% PENALTY)167.4% FMR (+$0/yr)Property Advisory Group, Inc.
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GENEVA PLAZA
Pawtucket, RI · FHA #016-98157
$14,970,000LOCKOUT STEP-DOWN (5% PENALTY)134.3% FMR (+$0/yr)Ferland Corporation
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MERCHANTS VILLAGE
Westerly, RI · FHA #016-11081
$14,920,000LOCKOUT STEP-DOWN (6% PENALTY)147.7% FMR (+$0/yr)ACL Properties LLC
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BULLOCKS POINT VILLAGE
East Providence, RI · FHA #016-11082
$14,000,000LOCKOUT STEP-DOWN (6% PENALTY)110.5% FMR (+$0/yr)Community Habitat, Inc.
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MINERAL SPRING GARDENS
North Providence, RI · FHA #016-98150
$13,500,000LOCKOUT STEP-DOWN (5% PENALTY)135.1% FMR (+$0/yr)North Dartmouth Properties, Inc.
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FOX POINT MANOR
Providence, RI · FHA #016-11078
$12,520,000LOCKOUT STEP-DOWN (5% PENALTY)184.3% FMR (+$0/yr)William J Canning Management LLC
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MAPLE GARDENS II
North Providence, RI · FHA #016-98158
$10,360,000LOCKOUT STEP-DOWN (5% PENALTY)139.1% FMR (+$0/yr)Ferland Corporation
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OXBOW FARMS
Newport East, RI · FHA #TRACS-800019382
$25,670,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)99.8% FMR (+$1,930/yr)Bay Management Corp.
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CRESCENT PARK MANOR
East Providence, RI · FHA #TRACS-800019299
$21,250,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)146.0% FMR (+$0/yr)Kelly & Picerne, Inc
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GREENWICH VILLAGE
Warwick, RI · FHA #TRACS-800019336
$17,085,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)129.7% FMR (+$0/yr)Kelly & Picerne, Inc
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SIMMONS VILLAGE I
Johnston, RI · FHA #TRACS-800019416
$14,620,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)148.0% FMR (+$0/yr)Kelly & Picerne, Inc
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EPN APTS
Providence, RI · FHA #TRACS-800000069
$14,025,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)99.9% FMR (+$1,213/yr)ARCO Management Corporation
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ROCK RIDGE APARTMENTS
Woonsocket, RI · FHA #TRACS-800019402
$12,920,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)133.3% FMR (+$0/yr)Winn Management Company LLC
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FAIRMOUNT MANOR
Woonsocket, RI · FHA #TRACS-800019322
$11,815,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)135.3% FMR (+$0/yr)Kelly & Picerne, Inc
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BLACKSTONE FALLS
Central Falls, RI · FHA #TRACS-800019272
$11,220,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)126.9% FMR (+$0/yr)The Shoreline Corporation
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SIMMONS VILLAGE III
Johnston, RI · FHA #TRACS-800019415
$10,880,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)132.4% FMR (+$0/yr)Kelly & Picerne, Inc
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MT. VERNON TEMPLE NORTH APARTMENTS
Woonsocket, RI · FHA #TRACS-800224197
$10,455,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)112.2% FMR (+$0/yr)Property Advisory Group, Inc.
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TRAFALGAR EAST APARTMENTS
East Greenwich, RI · FHA #016-11076
$8,613,200LOCKOUT STEP-DOWN (4% PENALTY)0.0% FMR (+$0/yr)Property Advisory Group, Inc.
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CHARLESGATE NORTH APTS
Providence, RI · FHA #016-98135
$7,951,500LOCKOUT STEP-DOWN (3% PENALTY)156.3% FMR (+$0/yr)Davenport Associates, Ltd.
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REDFERN GROVE
East Providence, RI · FHA #016-98146
$7,300,000LOCKOUT STEP-DOWN (3% PENALTY)155.7% FMR (+$0/yr)Craig Management Co., Inc.
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RIVERSIDE HOUSE
East Providence, RI · FHA #016-98160
$6,286,500LOCKOUT STEP-DOWN (5% PENALTY)155.3% FMR (+$0/yr)Craig Management Co., Inc.
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HANORA LIPPITT MILLS APARTMENTS
Woonsocket, RI · FHA #TRACS-800019339
$9,945,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)102.5% FMR (+$0/yr)Property Advisory Group, Inc.
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SHORESIDE
East Greenwich, RI · FHA #TRACS-800019414
$9,095,0000% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT)127.0% FMR (+$0/yr)Cove Homes, Incorporated
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