New York, NY — July 10, 2026 — Lument today announces the closing of two Freddie Mac loans totaling $27.3 million to refinance two multifamily communities in Texas with a total unit count just under 500. Lument’s Phil Frasca led the transaction. The sponsor is a repeat Freddie Mac client with over 1,000 units under ownership throughout Texas.
The two communities were acquired by the borrower several years ago as part of a larger portfolio. One is located in Brownsville, and the other is in Wichita Falls.
“Getting to the finish line with attractive terms is the most important aspect of multifamily financing in this ever-changing market,” Frasca said. “With the help of the expert teams at Freddie Mac and Lument, we were able to navigate volatile treasury yields and pending loan maturities, ultimately delivering an optimal outcome that included cash-out proceeds and partial interest only.”
The Freddie Mac loans carry fixed interest rates, five-year terms, and 30-year amortizations. One loan features three years of interest only and the other features two years.
The transaction was brought to Lument by Steve Sieling of Dallas-based Azur Commercial 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/.
