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2nd and Civic Apartments

FHA New Construction & Substantial Rehab

Endorsed November 23, 2020

FHA #12335560

Deal Details

Location
SCOTTSDALE, Arizona
Mortgage Amount
$12.2M
Units
39
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2021

Current Loan Status

Active
Outstanding Balance
$11.5M($12.2M original)
Interest Rate
2.80%
Maturity
January 2062(36 years remaining)
Original Term
40 years
Holder
Lument
Servicer
Lument

Source: HUD BF90 Active Insured Mortgages · Data as of February 2026

Data Sources

Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database

Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026

hud.gov multifamily data

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