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Norgate Plaza Apartments

FHA Acquisition & Refinance

Endorsed October 29, 2025

FHA #01211630

Deal Details

Location
Brooklyn, New York
Mortgage Amount
$59.6M
Units
213
Program
Acquisition & Refinance
Lender
Lument
Fiscal Year
FY2026

Current Loan Status

Active
Outstanding Balance
$59.5M($59.6M original)
Interest Rate
5.65%
Maturity
November 2060(35 years remaining)
Original Term
35 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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