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“ELIGIBLE PROPERTY TYPES Garden, midrise, or high-rise multifamily properties undergoing moderate rehabilitation with tenants in place.”

“ELIGIBLE PROPERTY TYPES Standard multifamily housing, student housing, seniors housing, manufactured housing communities and Targeted Affordable Housing (e.g., cash LIHTC Year 4-10 and 11-15, Section 8 loans); conventional structured transactions. Floating-rate loans are not available for cooperative housing.”

“ESCROWS Escrows required for taxes, insurance, MIP, and replacement reserves. Initial Operating Deficit (debt service reserve) and Working Capital escrows are required at initial closing and may be funded with cash or letter of credit. Initial Operating Deficit escrow may be waived on LIHTC transactions. Working Capital escrow is 4% of the loan amount (New Construction), half of which is construction contingency, or 2% of the loan amount (Sub Rehab) with contingency accounted for separately.”

“ESCROWS Standard monthly escrow deposits are required for all insurance, real estate taxes and mortgage insurance premiums. Over the initial five years of principal amortization, the 242 program requires that participants accumulate a mortgage-reserve fund balance equal to one year’s annual net debt service. From year six to year 10, the hospital must build the mortgage reserve fund balance to two year’s annual net debt service. If tax-exempt bonds are issued, rating agencies and investors will require a debt-service reserve fund equal to one year’s annual net debt service, as well as sufficient cash escrows and/or letters of credit to cover negative arbitrage during the construction period.”

“WHAT IS BEING LOCKED? Interest rate for a fixed-rate loan or the gross spread for a floating-rate loan. ELIGIBLE BORROWERS Standard underwriting requirements. ELIGIBLE LOANS Loans to be securitized or held in portfolio. Acquisition or refinance loans. Fixed- or floating-rate loans. WHICH LOAN TERMS ARE DETERMINED PRIOR TO LOCK? Most material loan terms (loan amount is subject to change). EST. TIME FOR CREDIT APPROVAL 2 to 5 business days. GOOD FAITH DEPOSIT (GFD) 2% (retained by Optigo lender), adjusted for longer-term ERLs. DURATION OF LOCK Varying durations, typically ranging from 60 days to 120 days until Freddie Mac purchase. EXPOSURE TO SPONSOR UPON BREACH / BREAKAGE Fixed-rate: Standard breakage formula, subject to a 0.5% minimum and 3.0% maximum of the rate-locked mortgage amount. Floating-rate: 1.0%”

“Existing, stabilized multifamily Properties.”

“ELIGIBLE PROPERTY TYPES Garden, mid-rise, or high-rise multifamily properties that meet affordability criteria and with 90% occupancy for 90 days. TERMS Maximum term of 15 years. PRODUCT DESCRIPTION Financing for the acquisition or refinance of stabilized affordable multifamily properties with fixed-rate or floating-rate cash loans; see the Fixed-Rate Loan or Floating-Rate Loan term sheet for more information. TYPE OF FUNDING Permanent, immediate financing. MINIMUM DEBT COVERAGE RATIO (DCR) 1 1.25x. MAXIMUM LOAN-TO-VALUE (LTV) RATIO 1 80% of market value. CONSTRUCTION LOAN TERM N/A. Maximum Amortization Up to 35 years, depending on the market. Please contact your Relationship Manager to discuss. PREPAYMENT PROVISIONS Yield maintenance or defeasance, depending on the product. SUBORDINATE FINANCING Permitted per the Freddie Mac Multifamily Seller/Servicer Guide. TAX AND INSURANCE ESCROWS Required per the Freddie Mac Multifamily Seller/Servicer Guide. FEES Application fee, commitment fee, plus other fees as applicable. Securitization Available Yes. 1 Adjustments may be made depending on the property, product and/or market. 2 Includes USDA section 515 loans. Download Term Sheet Financing Options Fannie Mae Freddie Mac HUD/FHA Loans Real Estate Capital Markets Balance Sheet Services Investment Banking Investment Sales Mergers and Acquisitions Investment Management Loan Servicing & Asset Management Mortgage Banking Services Property Specialties Multifamily Housing Affordable Housing Small Loan Multifamily Manufactured Housing Seniors Housing Skilled Nursing Hospital Investment Sales Multifamily Affordable Housing Seniors Housing Available Offerings Insights & Resources Insights Case Studies Newsroom Events Recent Transactions Term Sheets The Servicing Edge Frequently Asked Questions Subscribe About Our People Life at Lument Careers Offices © Copyright Lument 2026. All Rights Reserved Privacy Policy Terms of Use Mortgage Company Licensing Disclosures Counterparty Code of Conduct Lument is a subsidiary of ORIX Corporation USA. Securities, Investment Banking and Advisory Services provided through Lument Securities, LLC, Member FINRA / SIPC . *Investment advisory services are provided by Lument Investment Management, LLC, registered as an investment adviser with the U.S. Securities and Exchange Commission. We use cookies on this website. By continuing to navigate this website, you consent to the use of cookies. Our Privacy Policy explains what cookies are, how we and our service providers use cookies, your choices regarding cookies and further information about cookies . Continue Copy link Copy Copied Powered by Social Snap Close GDPR Cookie Settings Privacy Overview Strictly Necessary Cookies Powered by GDPR Cookie Compliance Privacy Overview This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Strictly Necessary Cookies Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Enable or Disable Cookies Enabled Disabled Enable All Save Settings”

“FHA INSPECTION FEE 0.5% of loan amount (new construction).”

“FHA INSPECTION FEE 0.50% of loan amount (new construction).”

“Freddie Mac prefers all homes conform to the requirements of the Federal Manufactured Home Construction and Safety Standards Act of 1974 (HUD Code Standards).”

“Trading Desk Talk 07/20/26 Trading Desk Talk Recent job numbers and Fed statements suggest rate hikes are coming. Trading Desk Talk 07/13/26 Trading Desk Talk – Six-Month Review A look back at the first six months of the year in the…. Webcast 06/26/26 Webcast Recording: Will Strong Multifamily Fundamentals Offset Fallout From the War? Watch the replay of our latest In Conversation webcast.”

“Trading Desk Talk 07/20/26 Trading Desk Talk Recent job numbers and Fed statements suggest rate hikes are coming. Trading Desk Talk 07/13/26 Trading Desk Talk – Six-Month Review A look back at the first six months of the year in the…. Perspectives 07/01/26 What’s Working in Today’s Multifamily Market John Sebree discusses the trends shaping today’s multifamily investment market.”

“Trading Desk Talk 07/20/26 Trading Desk Talk Recent job numbers and Fed statements suggest rate hikes are coming. Trading Desk Talk 07/13/26 Trading Desk Talk – Six-Month Review A look back at the first six months of the year in the…. Perspectives 07/01/26 What’s Working in Today’s Multifamily Market John Sebree discusses the trends shaping today’s multifamily investment market. Leap to Loans combines asset-level data with real-time market context, giving you a clear view of risk and opportunity. Built for investors at every stage, it supports smarter decision-making whether you’re evaluating a new acquisition or managing an existing portfolio. Enter a property address and answer a few questions to get started. When you’re ready to take the next step, we’ll connect you with an expert advisor to further evaluate your next opportunity. GET STARTED”

“HUD FEES HUD Application Fee: 0.30% of the loan amount. Reduced to 0.20% (Market Rate) or 0.10% (90+% Affordable) for properties in an Opportunity Zone. HUD Inspection Fee: 0.50% of loan amount (New Construction) or 0.50% of Improvements (Sub Rehab).”

“Section 242: New Construction / Sub Rehab of Acute Care Facilities Section 242/223(f): Refinance / Acquisition of Acute Care Facilities”

“Section 221(d)(4) & Section 220: Multifamily New Construction/Substantial Rehabilitation Section 223(f): Multifamily Refinance or Acquisition Section 231: New Construction / Sub Rehab of Dedicated Rental Housing for Elderly (Aged 62+) or People with Disabilities Section: 241(a): Supplemental Loan for FHA Insured Properties”

“Section 232 / 241(a): Supplemental Financing for Repairs, Improvements or Additions to FHA-Insured Skilled Nursing & Assisted Living Facilities Section 232: New Construction / Sub Rehab Skilled Nursing & Assisted Living Facilities Section 232/223(a)(7): Refinance for FHA Insured Properties – Skilled Nursing & Assisted Living Section 232/223(f): Refinance / Acquisition of Skilled Nursing & Assisted Living Facilities”

“Those companies that earn the coveted Optigo ® designation are among the nation’s best multifamily lenders, with years of experience and a proven track record. As an Optigo ® Seller/Servicer, Lument offers targeted solutions for affordable housing, conventional multifamily, seniors housing, small loan multifamily, and manufactured housing communities. We provide financing for the acquisition or refinancing of stabilized properties as well as specialized products for properties in lease-up and for value-add acquisitions needing short-term financing. Contact An Originator”

“INTEREST RATE Single fixed rate for construction period and term of loan, determined by market conditions at time of rate lock. Rate lock deposit is 0.50% and is refunded at closing.”

“INTEREST RATE Subject to market conditions. The construction and permanent financing interest rate is set at initial closing.”

“INTEREST RATE Subject to market conditions. The construction and permanent financing interest rate is set at initial closing.”

“INTEREST RATE Subject to market conditions. The construction and permanent financing interest rate is set at initial closing.”

“Our Index Lock option allows borrowers to lock the Treasury index (subject to the quoted Treasury Floor) for fixed-rate loans any time after a signed application with the Optigo ® lender has been delivered to Freddie Mac—providing an enhanced level of risk mitigation against interest rate volatility. The spread will also not be subject to market grid movements during the Index Lock period. If one or more of the assumptions in the quote sheet changes such as changes in the terms of the loan, property, borrower, or certain loan document modifications—the quote will be adjusted based on the pricing grid in effect as of the date of the quote.”

“Investment Sales Multifamily”

“Investment Sales Multifamily”