New York, NY — August 12, 2025 — Lument announces today the closing of a $30.1 million Freddie Mac conventional multifamily loan to refinance a 106-unit mid-rise multifamily community in Beacon, New York. Lument’s Nicholas Diamond and Oliver Herndon led the transaction.
“Working with this sponsor was a pleasure, and we’re thrilled to close on a favorable Freddie Mac loan that pays off construction debt and instills beneficial, low-cost permanent financing,” said Lument’s Diamond.
The Freddie Mac loan has a fixed interest rate, five-year term, 30-year amortization and two years of interest only. In addition to the senior debt, Lument secured $2 million in preferred equity for total deal proceeds of $32.1 million.
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/.
