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BRUCECREST APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed May 28, 2020

FHA #08335764

Deal Details

Location
ASHLAND, Kentucky
Mortgage Amount
$7.3M
Units
310
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2020
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$7.0M($7.3M original)
Interest Rate
3.95%
Maturity
December 2061(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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