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New Sands Apartments

FHA New Construction & Substantial Rehab

Endorsed December 13, 2011

FHA #05135650

Deal Details

Location
VIRGINIA BEACH, Virginia
Mortgage Amount
$6.8M
Units
120
Program
New Construction & Substantial Rehab
Lender
Lument
Fiscal Year
FY2012
LIHTC
Yes
Tax-Exempt
Yes

Current Loan Status

Active
Outstanding Balance
$5.7M($6.8M original)
Interest Rate
4.20%
Maturity
March 2053(27 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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