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The Alexa on Ocean Drive

FHA New Construction & Substantial Rehab

Endorsed August 6, 2019

FHA #11535773

Deal Details

Location
Corpus Christi, Texas
Mortgage Amount
$36.8M
Units
169
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2019

Current Loan Status

Active
Outstanding Balance
$35.2M($36.8M original)
Interest Rate
4.27%
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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