Dallas-Fort Worth — August 11, 2025 — Lument announces today it has arranged $123.6 million in CMBS financing sourced from Barclays Capital Real Estate, Inc. to refinance four multifamily communities in Dallas and Irving, Texas with a total of 1,111 units. The loans replace existing variable-rate Freddie Mac debt and preferred equity investments for the sponsor Sahara Equities, an experienced Texas-based operator focused on long-term holds. Evan Hom, a senior managing director for Lument based in New York, led the transaction.

“These are high-quality assets with great locations and strong occupancy levels,” said Lument’s Hom. “CMBS financing emerged as the best execution across multiple potential sources to provide necessary proceeds for the sponsor’s needs and close on schedule within their required timeline.”

All located in the Dallas-Fort Worth metropolitan area, the communities are:

  • Avalon 8801: 212-unit mid-rise, built in 1986 and renovated in the 2010s
  • 6500 South: 536-unit mid-rise, built in 1985 and renovated in 2012
  • Casa Bella Apartments: 176-unit high-rise, built in 1974 and renovated in 2019
  • Westwood Apartments: 187-unit mid-rise, built in 1969 and renovated in the 2010s

The four individual CMBS loans carry fixed interest rates and five-year terms with full-term interest only. In addition to providing permanent financing, the closings provided cash-out proceeds for the sponsor.

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 600 employees in over 30 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/.