Lument announced that it closed more than $198 million in balance sheet bridge financing in December 2024. The loans facilitate the lease-up, acquisition, and construction of seven multifamily properties across the country. Together, the loans support more than 1,500 units across six states, as summarized below:
- $60 million lease-up refinance for a multifamily property in Olympia, WA;
- $37 million lease-up refinance for a multifamily property in Macon, GA;
- $31 million phased lease-up refinance for a build-to-rent (BTR) property in Dayton, OH;
- $25 million phased lease-up refinance for a build-to-rent (BTR) property in Groveport, OH;
- $22 million timing refinance for an affordable housing property in Miami, FL;
- $17 million lease-up acquisition financing for a multifamily property in Lafayette, IN; and
- $6 million timing refinance for an age-restricted multifamily property in Bellflower, CA.
