Acquisition strengthens Lument’s national servicing platform and expands relationships with leading life company lenders.
New York, NY — April 13, 2026 — Lument today announced the acquisition of a $400 million life company servicing portfolio from V.P. Clarence Company, a privately held commercial mortgage banking firm based in El Paso, Texas. The transaction advances the firm’s strategy of expanding its third-party life company servicing platform and deepening relationships with institutional capital providers.
“This acquisition reinforces Lument’s position as both an originator and servicer of loans placed with participating life companies,” said Jim Flynn, Lument’s CEO. “For life company borrowers, this means a seamless experience from quote to loan servicing, while life companies themselves benefit from Lument’s national client base and cutting-edge servicing infrastructure.”
With the completion of this transaction, Lument’s loan servicing and asset management portfolio will exceed $56 billion, making it one of the largest servicing platforms in commercial real estate. It consists of approximately 6,500 loans serviced for Fannie Mae, Freddie Mac, HUD/FHA, CMBS lenders, life companies, and its own balance sheet. The Clarence portfolio adds approximately 100 properties across the United States financed by eight premier, national life company lenders. The assets include retail, industrial, office, and multifamily properties.
As part of the transaction, Ken Clarence, president of V.P. Clarence Company, will join Lument as a managing director. Clarence will focus on originations as well as the transition of borrower relationships. “I’m excited to help expand Lument’s growing debt capital markets business,” said Clarence. “Life companies are an important source of capital for high-quality, well-located assets requiring long-term debt with flexible structures and competitive pricing.”
The acquisition also strengthens Lument’s debt capital markets platform, which has closed loans totaling $1.6 billion since launching in 2024. “This transaction further expands our life company relationships, deepening the alternative capital solutions we can offer our clients,” said Rick Warren, senior managing director and head of capital markets at Lument. “We will continue to build relationships with select capital sources including life companies, banks, debt funds and conduits that add to our lending platform.”
About Lument
Lument, a subsidiary of ORIX Corporation USA, is a national leader in commercial real estate finance and delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument offers Fannie Mae, Freddie Mac, FHA, USDA, and balance sheet financing, as well as a full suite of capital market lending products. In addition, Lument provides a suite of real estate advisory solutions including real estate investment sales, investment banking, and investment management solutions. The company has approximately 550 employees in over 25 offices across the United States.
Securities, investment banking, and advisory services are provided through Lument Securities, LLC, member FINRA/SIPC. Lument Investment Management, LLC, is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit https://www.lument.com/.
