Tag Archives: Lument

Lument Provides $16.9 Million Freddie Mac Forward Commitment Loan to Build New Affordable Housing High-Rise in Washington, D.C.

NEW YORK, Dec. 16, 2021 /PRNewswire/ — Lument recently underwrote a two-tranche unfunded forward commitment for a Freddie Mac tax-exempt loan (TEL) totaling $16.9 million to construct 1515 North Capitol Apartments, a new affordable housing high-rise development located in Washington, D.C.’s Truxton Circle neighborhood. The 15-story apartment building will feature 136 affordable studio units, with… Read More »

Lument Provides $11.3 Million Bridge Loan for Multifamily Community in Utah

NEW YORK, Dec. 7, 2021 /PRNewswire/ — Lument has announced the closing of a $11.3 million proprietary bridge loan to acquire and renovate Cove on Bruce Apartments, a 76-unit garden-style community in Clearfield, Utah, near Salt Lake City. Ted Nasca, managing director, led the transaction for Lument. (PRNewsfoto/Lument) The sponsor on the transaction is Clear… Read More »