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PARK LAKE APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed October 14, 2021

FHA #01235723

Deal Details

Location
Village of Hempstead, New York
Mortgage Amount
$86.6M
Units
239
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2022
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$83.4M($86.6M original)
Interest Rate
2.55%
Maturity
August 2063(37 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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