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CEDAR REDEVELOPMENT PHASE III

FHA New Construction & Substantial Rehab

Endorsed November 5, 2020

FHA #04235726

Deal Details

Location
Cleveland, Ohio
Mortgage Amount
$6.4M
Units
75
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2021
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$6.1M($6.4M original)
Interest Rate
2.95%
Maturity
June 2062(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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