New York, NY — January 9, 2026 — Lument announced today that it has been ranked the top U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) lender for Multifamily Accelerated Processing (MAP) transactions by loan count for HUD’s fiscal year (FY) ended September 30, 2025.
Lument led the field in multifamily closings with 44 closed transactions totaling $675 million, 8% of total market share. This marks the fifth year in a row that Lument was the top FHA MAP lender by loan count.
“As investor appetite improves and demand for long-term, fixed-rate capital strengthens, FHA continues to deliver one of the most attractive financing solutions available to multifamily owners,” said Lument CEO James Flynn. “We expect this momentum to build as HUD advances efforts to streamline and modernize its programs. Lument is well positioned to help clients capitalize on that progress and support the long-term health of multifamily, affordable, and seniors housing communities nationwide.”
When combining MAP and LEAN (seniors housing and healthcare) closings, Lument ranked third in loan count with 62 closings totaling nearly $920 million. In addition, Lument maintained its third-place ranking for low-income housing tax credit (LIHTC) affordable housing transactions.
Overall, HUD/FHA provided $8.1 billion in MAP closings, a 48% increase over FY 2024’s total of $5.5 billion. Activity under Section 233(f) for the refinance or purchase properties rose by 53.5% year-over-year, while 241(d)(4) construction and substantial rehabilitation volume increased 37.9% compared to 2024.
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 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/.
