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Rowan Towers

FHA New Construction & Substantial Rehab

Endorsed December 9, 2025

FHA #03135336

Deal Details

Location
TRENTON, New Jersey
Mortgage Amount
$21.6M
Units
195
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2026
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$21.6M
Interest Rate
5.83%
Maturity
August 2067(41 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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