New York, NY — July 7, 2025 — Lument announces today the closing of a $12 million Fannie Mae DUS® loan to refinance Le Mirage Apartments, a 168-unit garden-style apartment property in Tucson, Arizona. Matthew McCreary, a director based in Lument’s Irvine, California office, led the transaction.
The fixed-rate Fannie Mae loan features a five-year term with a 30-year amortization schedule.
“Lument was able to help the borrower achieve their objectives by successfully closing the transaction with significant cash-out proceeds for future investments,” said Lument’s McCreary.
Built in 1995 and renovated from 2019 to 2025, the property has 168 units within 11, two-story residential buildings. Amenities include a leasing office, swimming pool, business center, sports court, fitness center, and covered parking.
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/.
