About Contract Clock

Contract Clock is a free deal screen for people who buy apartment buildings. It reads HUD’s public files and pulls out the contract and loan dates a buyer asks about first: project-based Section 8 contracts close to their final expiration, contracts paying well under Fair Market Rent, and HUD-insured loans coming due.

It is run by Janover Capital LLC, a commercial mortgage desk. That is how the site pays for itself: when you find a building and want the purchase financed, you can send it to the desk from the financing page or straight from the offer calculator. Using the screen doesn’t require that, and the data is the same whether you send us anything or not.

Where the numbers come from

Every row on the screen comes from a file HUD publishes, and every page shows the date of the file it was built from. The data and methods page lists each file, what its fields mean, what we compute ourselves (months to maturity, the two-year and five-year windows), and the known gaps. When HUD updates a file, a script downloads it again and the site rebuilds.

We don’t list properties for sale, and a building showing up here says nothing about whether its owner wants to sell. It means the public record shows a contract or loan worth asking about.

Not affiliated with HUD

Contract Clock is not part of HUD, FHA, Fannie Mae or Freddie Mac, and isn’t endorsed by any of them. HUD publishes the underlying data for anyone to use.

Corrections

If a row is wrong, or a contract or loan has changed and the file hasn’t caught up, write to hello@multifamily.deals with the property name and contract or FHA number. We check it against the next HUD file and say what we found.