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PARK PLACE APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed November 22, 2023

FHA #04235740

Deal Details

Location
Cleveland, Ohio
Mortgage Amount
$12.4M
Units
126
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2024
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$12.4M
Interest Rate
6.41%
Maturity
March 2065(39 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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