New York, NY — August 4, 2025 — Lument announces today the closing of a $15.7 million Freddie Mac loan to refinance Casa De Angelo, a 100-unit garden-style affordable seniors housing community in Sacramento, California. Lument Director Tom Dixon led the transaction.
The Freddie Mac loan has a fixed interest rate, five-year term with interest only for the first three years, and 35-year amortization.
“We obtained a great outcome for the borrower by leveraging Freddie Mac’s index lock,” said Lument’s Dixon. “We took advantage of a drop in U.S. Treasuries in early April to lock in a fixed interest rate that refinances existing debt and provides substantial cash-out proceeds, thereby strengthening the property’s fiscal standing while providing funds for future growth plans.”
Originally built in 1979, the property was acquired by the borrower in 2008. It is subjected to a project-based Section 8 Housing Assistance Payment (HAP) contract on 99 of the building’s 100 units, with 20% of units reserved for renters with income at or below 50% of the area median income (AMI) and 79% for renters with income at or below 60% of the AMI.
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/.
