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PROJECT 29

FHA New Construction & Substantial Rehab

Endorsed November 29, 2018

FHA #04235709

Deal Details

Location
Cleveland, Ohio
Mortgage Amount
$39.9M
Units
158
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2019

Current Loan Status

Active
Outstanding Balance
$37.5M($39.9M original)
Interest Rate
4.03%
Maturity
August 2060(34 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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