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TERRACE GARDENS

FHA New Construction & Substantial Rehab

Endorsed November 5, 2024

FHA #04335619

Deal Details

Location: Newark, Ohio
Mortgage Amount: $6.2M
Units: 99
Program: New Construction & Substantial Rehab
Lender: Lument
Fiscal Year: FY2025
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $6.2M
Interest Rate: 5.99%
Maturity: August 2066(40 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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