HUD lender profile

ColumbiaNational Real Estate Finance, LLC: HUD multifamily lending record

HUD insured 6 multifamily loans with ColumbiaNational Real Estate Finance as lender in FY2022-FY2026, for $163 million and 937 units. That is 0.3% of all HUD multifamily dollars in those years and #47 among lenders.

$163Mendorsed, FY2022-FY2026
6loans, FY2022-FY2026
$24.0Mmedian loan size
41active HUD apartment loans it services

What the numbers say

In FY2026 it closed 2 HUD loans for $39.1 million, up 711% from FY2025 and ranking #40 among HUD multifamily lenders that year.

NC/SR was its largest program at 62% of five-year dollars, followed by 223(f) at 38%.

It lent in 2 states; Maryland was the largest at 97% of dollars.

Its median loan was $24.0 million, above the $14.3 million median for all HUD multifamily endorsements in the same years.

HUD volume by fiscal year

$0M$80M$160M$240M$320M'17'18'19'20'21'22'23'25'26
  • 223(f)
  • New construction / sub rehab
  • Other programs
Mortgage dollars at initial endorsement, FY2017 to FY2026. Table below.
ColumbiaNational Real Estate Finance, LLC, initial endorsements by fiscal year
FYLoansDollarsUnits223(f)NC/SROtherRank
FY2026 2 $39.1M 227 2 0 0 #40
FY2025 1 $4.8M 42 1 0 0 #54
FY2023 2 $82.3M 448 1 1 0 #25
FY2022 1 $36.8M 220 0 1 0 #45
FY2021 9 $260M 1,545 5 0 4 #27
FY2020 8 $189M 1,232 0 2 6 #24
FY2019 6 $145M 954 4 2 0 #27
FY2018 3 $62.4M 621 2 1 0 #37
FY2017 3 $60.1M 433 1 1 1 #37
Since FY200582$1.62B12,396

Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.

Program mix, FY2022-FY2026

By HUD program category
ProgramLoansDollarsMedian loanAll lenders' median
New construction or substantial rehab (221(d)(4), 220, 231, 213)2$101M$50.5M$23.9M
223(f) purchase or refinance4$61.9M$13.6M$13.5M

Where it lends

Top states, FY2022-FY2026
StateLoansDollars
Maryland5$158M
Pennsylvania1$4.8M

Firm commitment to closing

Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.

All its loans with both dates (6)
84 days median
Middle half of its loans
76-103 days
All lenders, FHA programs, FY2022-FY2026
91 days

Most recent HUD endorsements

Latest 12 loans with ColumbiaNational Real Estate Finance as lender at initial endorsement
EndorsedPropertyCityProgramLoanUnits
2026-07-09 Fairway Vista Apartments Phase 2 · MD Frederick 223(f) $29.9M 168
2026-04-16 Heath Street Lofts · MD Baltimore 223(f) $9.2M 59
2025-05-28 Shippensburg Commons Apartments · PA Shippenburg 223(f) $4.8M 42
2023-02-21 James Run Apartments · MD Bel Air NC/SR $64.2M 304
2023-01-26 Fairway Vista · MD Frederick 223(f) $18.0M 144
2022-05-24 Rosewood Village Phase Ii-B · MD Hagerstown NC/SR $36.8M 220
2021-09-20 Residences of Summerlin · MD Aberdeen 223(f) $28.8M 192
2021-07-27 The Apartments Creekstone Village Phase II · MD Pasadena 223(a)(7) $33.0M 156
2021-07-27 1901 South Charles · MD Baltimore 223(f) $29.0M 193
2021-07-22 2 East Wells · MD Baltimore 223(f) $18.9M 152
2021-06-24 Dartmoor Place at Oxford Square · MD Hanover 223(f) $64.1M 257
2021-04-28 Brompton House Phase II · MD Elkridge 223(a)(7) $36.0M 193

Largest loans, FY2022-FY2026

Largest 6 by mortgage amount at endorsement
PropertyCityProgramLoanEndorsed
James Run Apartments · MD Bel Air NC/SR $64.2M 2023-02-21
Rosewood Village Phase Ii-B · MD Hagerstown NC/SR $36.8M 2022-05-24
Fairway Vista Apartments Phase 2 · MD Frederick 223(f) $29.9M 2026-07-09
Fairway Vista · MD Frederick 223(f) $18.0M 2023-01-26
Heath Street Lofts · MD Baltimore 223(f) $9.2M 2026-04-16
Shippensburg Commons Apartments · PA Shippenburg 223(f) $4.8M 2025-05-28

Its HUD servicing book today

HUD's active insured mortgage file (as of September 30, 2026) lists ColumbiaNational Real Estate Finance as servicer on 41 apartment loans with $922 million of balance and 6,537 units. The median note rate on that book is 3.50%. 28 of the loans carry a rate under 4%. HUD lists the same name as holder of 41 loans.

223(f)
17 loans
221(d)(4)
14 loans
223(a)(7)
10 loans

Largest servicing states: Maryland (30), Pennsylvania (4), Florida (2), Washington (2), Wyoming (2), Utah (1).

Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.

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