Lument Closes $28M Loan for Ohio Multifamily Property

Lument closed a $28 million U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) Section 221(d)(4) loan to assist TFG Housing Resources and Raise Up with the substantial rehabilitation of Western Horizon, a 353-unit affordable housing community in Lorain, Ohio. The transaction utilized a component of the Rental Assistance Demonstration (RAD) program. Lument’s... The post Lument Closes $28M Loan for Ohio Multifamily Property appeared first on Connect