New York, NY — December 16, 2022 — Lument announced today that it has been ranked the top U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) lender in the U.S. by loan count for the fiscal year ended September 30, 2022. Lument led the field in total MAP (multifamily) and Lean (seniors) closings, with 174 closed transactions totaling over $2.5 billion. Of the 174 closed transactions, 112 were direct originations.
“Even with the economic volatility of the past fiscal year, the FHA financing program has remained crucial to our clients,” said Lument CEO James Flynn. “While the industry saw lower volumes across the board, Lument’s strong showing in closed loans demonstrates the strength of our partnership with HUD and how effective its lending programs remain—even in challenging times.”
Lument, a national leader in financing multifamily and seniors housing and healthcare, ranked second for total MAP and Lean loans by dollar volume. In addition, the firm came in third by dollar volume and loan count for low-income housing tax credit transactions, with 26 loans closed at a volume of more than $352 million. Lument closed the most transactions in New York, Ohio, West Virginia, and Arizona.
About Lument
ORIX Real Estate Capital Holdings, LLC, d/b/a Lument, is a subsidiary of ORIX Corporation USA. Lument is a national leader in commercial real estate finance. As the combined organization of legacy industry experts Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group, Lument delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending, real estate investment sales, investment banking, and investment management solutions. Lument has approximately 600 employees in over 25 offices across the United States. Securities, investment banking, and advisory services are provided through OREC Securities, LLC, d/b/a Lument Securities, Member FINRA/SIPC. Investment advisory services are provided by OREC Investment Management, LLC, d/b/a Lument Investment Management. OREC Investment Management is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit www.lument.com.