New York, NY — March 25, 2026 — Lument has closed two Fannie Mae loans totaling $30.7 million to refinance a portfolio of seven affordable multifamily housing communities in Washington, D.C. Lument’s John Hurley, a director based in D.C., led the transaction.

The properties were constructed between 1948 and 1965 and have been substantially renovated since current ownership acquired the assets. All units are occupied by tenants using the Housing Choice Voucher Program, administered by the District of Columbia Housing Authority (DCHA) as part of its efforts to provide quality, affordable housing options to D.C. residents.

“Replacing bank debt with favorable Fannie Mae financing puts these important affordable housing communities in a strong position to continue serving its residents for many years to come,” said Lument’s Hurley.

Both Fannie Mae loans have a fixed rate and 10-year term with interest only for five years.

“The team at Lument delivered a truly excellent outcome, from a smooth and seamless underwriting process to obtaining maximum proceeds at closing,” said borrower Craig London.

The sponsorship team, led by Mr. London, has been acquiring, redeveloping, owning, and managing conventional and affordable multifamily housing in the D.C. area for approximately 15 years.

This was a brokered transaction, brought to Lument through Christopher Davis with Metropolitan Capital.

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 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/.