Today's Date: May 22, 2022
Closing the Health Disparity Gap for Black Women   •   Global Surrogacy Services Announces Outreach to Potential Gestational Surrogates in Three Southwestern States   •   NCCI Golf Event Generates $25,000 for Kids' Chance of America Scholarships   •   Equitable Bank Releases Inaugural ESG Performance Report   •   RNR Tire Express Surprises Tampa-Area Woman with New Car in Mother's Day Giveaway   •   Merz Aesthetics Partners With North Carolina Courage of the National Women's Soccer League to Fuel Confidence on and off the fie   •   Steve and Marjorie Harvey Establish the Legacy Ranch in Upson County, Georgia - Building on The Rock Ranch founded by the Cathy   •   Checkmarx' Ana Lucia Amaral Honored as a CRN 2022 Woman of the Channel   •   Eastern Bank Welcomes New Members To Its Board of Advisors and Board of Ambassadors   •   Sallie Mae’s Latest Corporate Social Responsibility Report Highlights Commitment to Customers, Communities, Employees, an   •   Five Bluum Standouts Honored on CRN 2022 Women of the Channel List   •   Mrs. Flowers Takes the Helm at Comfort Home Care, Rockville, MD   •   Four recipients of the 2022 Awards of Excellence in Nursing announced from Indigenous Services Canada   •   Albertsons Companies, in cooperation with Smithfield Packaged Meats Corp., voluntarily recalls select ReadyMeals and deli-prepar   •   Tracey Hayes from MicroAge Named on CRN's 2022 Women of the Channel Power 70 Solution Providers List   •   Tia Extends “Whole Woman, Whole Life” Care Model With Fertility Services   •   TherapeuticsMD Receives U.S. Food and Drug Administration (FDA) Approval for Supplemental New Drug Application (sNDA) for ANNOVE   •   Igloo Releases New Playmate Coolers Inspired by Legendary Rapper The Notorious B.I.G.   •   Jeunesse Garners 8 Gold Stevies in 2022 American Business Awards   •   Belgard Canada Celebrates Canada Day With a Backyard Giveaway
Bookmark and Share

Lument Provides $5.9 Million Taxable Forward Commitment for Seniors Housing Community in Denver

Lument Provides $5.9 Million Taxable Forward Commitment for Seniors Housing Community in Denver

PR Newswire

NEW YORK, Jan. 27, 2022 /PRNewswire/ -- Lument recently announced the closing of a $5.9 million Fannie Mae affordable loan to fund the construction of Lynwood Senior Apartments, a to-be-built affordable seniors housing community in Denver, Colorado. Lument Director Tim Hoppin led the transaction.

Construction of the community will be facilitated via a 30-month taxable forward commitment Fannie Mae affordable loan structured as a 9% low-income housing tax credit (LIHTC) mortgage-backed securities (MBS) exchange. The Fannie Mae loan features a low, fixed interest rate, 15-year term, and 35-year amortization. Additional funding sources include a construction loan from a national bank and equity from the syndication of low-income housing tax credits.

"The Fannie Mae forward commitment proved to be an ideal solution for the borrower in this situation, as it protects them from interest rate volatility by locking in a low interest rate and other key provisions prior to construction closing," said Lument's Hoppin. "The customized loan structure closed in a timely manner and allows the sponsor to proceed with the construction of this much-needed affordable housing community for seniors in the Denver area."

A garden-style multifamily community, Lynwood Senior Apartments will consist of 62 one- and two-bedroom units within one three-story building on a site that is 0.87 acres. Once construction is complete, the borrower will enter into an LIHTC Land Use Restriction Agreement (LURA) with the Colorado Housing Finance Agency (CHFA). The units are reserved for renters aged 55 and older, with 14 units restricted to renters at 30% area median income (AMI), 12 units at 40% AMI, 21 units at 50% AMI, and 15 units restricted to 60% AMI. Construction is expected to be complete in 2023.

About Lument

ORIX Real Estate Capital Holdings, LLC, d/b/a Lument, is a subsidiary of ORIX Corporation USA. Lument is a national leader in commercial real estate finance. As the combined organization of legacy industry experts Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group, Lument delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending, real estate investment sales, investment banking, and investment management solutions. Lument has approximately 600 employees in over 25 offices across the United States. Securities, investment banking, and advisory services are provided through OREC Securities, LLC, d/b/a Lument Securities, Member FINRA/SIPC.  Investment advisory services are provided by OREC Investment Management, LLC, d/b/a Lument Investment Management. OREC Investment Management is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit

MEDIA CONTACT                                                                                                           

Tyler Howard | Associate Director

513-403-1911 |

Cision View original content to download multimedia:


Back to top
| Back to home page

White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
Washington - WOL-Urban

Listen to United Natiosns News