← Back to FHA deals

SOUTH CITY PHASE III

FHA New Construction & Substantial Rehab

Endorsed April 1, 2020

FHA #08135294

Deal Details

Location
MEMPHIS, Tennessee
Mortgage Amount
$8.3M
Units
126
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2020

Current Loan Status

Active
Outstanding Balance
$7.8M($8.3M original)
Interest Rate
3.74%
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

Related Deals

Other FHA deals in MEMPHIS, TN

Dwight CapitalNew Const/Rehab
$12.0M
HIGHLAND COMMERCIAL MTGENew Const/Rehab
$27.8M
Berkadia Commercial Mortgage LLCNew Const/Rehab
$11.0M
HIGHLAND COMMERCIAL MTGENew Const/Rehab
$21.9M
Merchants Capital Corp.223(f) Purchase/Refi
$10.7M

Other deals by Lument

Staten Island, NY223(f) Purchase/Refi
$144.1M
Staten Island, NY223(f) Purchase/Refi
$106.3M
Holbrook, MA223(f) Purchase/Refi
$42.9M
ELYRIA, OHNew Const/Rehab
$15.8M
TRENTON, NJNew Const/Rehab
$21.6M