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BEACHCREST TOWER

FHA Acquisition & Refinance

Endorsed January 19, 2022

FHA #04211376

Deal Details

Location
Cleveland, Ohio
Mortgage Amount
$8.0M
Units
237
Program
Acquisition & Refinance
Lender
Lument
Fiscal Year
FY2022

Current Loan Status

Active
Outstanding Balance
$7.4M($8.0M original)
Interest Rate
2.45%
Maturity
February 2057(31 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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