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Water Street Apartments

FHA Acquisition & Refinance

Endorsed February 22, 2024

FHA #02311748

Deal Details

Location
MEDFORD, Massachusetts
Mortgage Amount
$7.0M
Units
35
Program
Acquisition & Refinance
Lender
Lument
Fiscal Year
FY2024

Current Loan Status

Active
Outstanding Balance
$6.9M($7.0M original)
Interest Rate
5.70%
Maturity
March 2059(33 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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