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NEW YORK, May 3, 2021 /PRNewswire/ Lument recently provided acquisition financing in the form of a $12.9 million Fannie Mae conventional loan to an experienced multifamily housing sponsor for the purchase of The Landing Apartments, a 166-unit, high-rise and garden-style community in Dayton, Ohio. Steven Cox, senior managing director in Lument s New York office, led the transaction. Collaborating with this experienced sponsor to arrange Fannie Mae acquisition financing was a pleasure, said Cox. The Landing Apartments is an important source of quality housing in its area. With the acquisition financing, immediate repairs, and new property management, the community is well poised for a bright future.
Lument Named a Top Affordable Housing Lender for 2020, Completes More than $3 Billion in Transactions
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NEW YORK, April 22, 2021 /PRNewswire/ Lument ranked #6 on
Affordable Housing Finance s Top 25 Affordable Housing Lenders of 2020 list with over $3 billion in closed transactions, doubling last year s volume. The financing activity created or preserved affordable housing at over 140 communities containing nearly 20,000 units. We re honored to play a part in addressing our nation s affordable housing crisis, said James Flynn, CEO at Lument. Financing affordable housing is one of the most complicated areas of multifamily. I commend our dedicated team, as well as our clients, agency partners, and the Federal Housing Administration for coming together to provide creative solutions during a difficult year.
Lument Named Top FHA Lender in 2020
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NEW YORK, April 15, 2021 /PRNewswire/
Lument, a national leader in multifamily and seniors housing finance, announced today that it was named the top-ranked FHA lender in the United States by both volume and loan count for calendar year 2020. The Commercial/Multifamily Annual Originations Rankings are compiled annually by the Mortgage Bankers Association. The firm originated 388 FHA transactions totaling $5.8 billion, an increase of 74% over its top-ranked 2019 FHA volume of $3.34 billion[1]. The FHA financing program has long been a favorite of our clients, providing ample benefits to borrowers across the entire affordability and acuity spectrum, said James Flynn, CEO of Lument. Given the challenges posed by the pandemic, the substantial increase in volume over the past year is a testament to the strength of our recently combined organization, as well as our partnership with HUD and the effectiveness