NEW YORK, Nov. 10, 2026 – Lument today announced the closing of four Freddie Mac Multifamily loans totaling $123.6 million to refinance four garden-style communities totaling 1,285 units in Texas and Alabama on behalf of Abbey Residential. Chad Hagwood, senior managing director and southeast regional director at Lument, led the transactions.
“Executing four loans simultaneously requires experience, coordination and close attention to every detail,” said Hagwood. “Our team worked closely with Freddie Mac and Abbey Residential to deliver an ideal financing solution, utilizing an Index Lock that allowed us to lock at the opportune time, positioning these properties very well for the future.”
The four fixed-rate loans were structured with five-year terms and 35-year amortization schedules. The loan proceeds refinance existing debt and, where applicable, return capital to the sponsor following extended ownership and continued investment in the properties.
Based in Birmingham, Alabama, Abbey Residential is a multifamily real estate investment and management company focused on acquiring, developing, repositioning, and operating apartment communities in the Southeast and Southwest. Founded in 1984, the company owns and operates more than 11,000 units across over 30 communities in Texas, Alabama, Georgia, and Florida.
“Lument consistently does a great job of maximizing loan proceeds while keeping transaction costs under control,” said Frank Barefield, owner and president of Abbey Residential.
Abbey Residential has maintained long-term ownership of the properties and completed renovations and capital improvements across the portfolio. The financings also support Freddie Mac’s mission-driven housing objectives, with approximately 99% or more of the units at each property qualifying under the program’s affordability criteria.
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 markets 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 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 Lument.com.
