HUD lender profile
Lument Real Estate Capital, LLC: HUD multifamily lending record
HUD insured 392 multifamily loans with Lument Real Estate Capital as lender in FY2022-FY2026, for $5.96 billion and 45,914 units. That is 9.3% of all HUD multifamily dollars in those years and #1 among lenders.
- HUD files it as LUMENT REAL ESTATE CAPITAL, LLC
- MAP On HUD's MAP lender list as of September 16, 2026
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 66 HUD loans for $1.38 billion, up 105% from FY2025 and ranking #3 among HUD multifamily lenders that year.
223(f) was its largest program at 79% of five-year dollars, followed by NC/SR at 18%.
It lent in 38 states; Ohio was the largest at 10% of dollars.
Its median loan was $10.2 million, below the $14.3 million median for all HUD multifamily endorsements in the same years.
On 223(f) loans, the median time from firm commitment to initial endorsement was 92 days (318 loans), against 87 days for all lenders.
79 of its 392 loans (20%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 66 | $1.38B | 52 | 9 | #3 | |
| FY2025 | 44 | $675M | 32 | 12 | #5 | |
| FY2024 | 45 | $501M | 38 | 7 | #2 | |
| FY2023 | 75 | $1.05B | 62 | 11 | #2 | |
| FY2022 | 162 | $2.35B | 134 | 19 | #1 | |
| FY2021 | 185 | $3.44B | 103 | 24 | #1 | |
| FY2020 | 96 | $1.79B | 58 | 15 | #3 | |
| FY2019 | 93 | $1.64B | 58 | 34 | #1 | |
| FY2018 | 104 | $1.76B | 65 | 32 | #1 | |
| FY2017 | 102 | $1.41B | 68 | 21 | #2 | |
| Since FY2001 | 2,023 | $25.61B | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| 223(f) purchase or refinance | 318 | $4.73B | $10.2M |
| New construction or substantial rehab (221(d)(4), 220, 231, 213) | 58 | $1.08B | $13.5M |
| 223(a)(7) streamlined refinance | 9 | $114M | $4.9M |
| 241(a) supplemental loan | 7 | $40.1M | $6.4M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| Ohio | 57 | $596M |
| Massachusetts | 53 | $850M |
| New York | 35 | $1.06B |
| California | 31 | $569M |
| Michigan | 30 | $391M |
| Texas | 26 | $347M |
| Indiana | 13 | $136M |
| Pennsylvania | 11 | $62.5M |
| New Jersey | 10 | $143M |
| North Carolina | 10 | $129M |
| Arizona | 10 | $197M |
| Florida | 9 | $148M |
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 (392)
- 95 days median
- Middle half of its loans
- 77-125 days
- 223(f) (318 loans)
- 92 days
- NC/SR (58 loans)
- 106 days
- 223(a)(7) (9 loans)
- 98 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-09-30 | Everly of Macomb · MI | 223(f) | $28.2M |
| 2026-09-30 | Village at White River · IN | NC/SR | $3.8M |
| 2026-09-30 | Baunta Apartments · KY | 241(a) | $3.5M |
| 2026-09-29 | Peabody House · MA | 223(f) | $35.0M |
| 2026-09-29 | New Canonchet Cliffs · RI | 223(f) | $18.0M |
| 2026-09-29 | Seton Manor · VA | 223(f) | $9.2M |
| 2026-09-29 | North Crest Apartments · TX | 241(a) | $7.5M |
| 2026-09-17 | Sana Apartments · CT | 223(f) | $27.9M |
| 2026-09-16 | General Shepard Apartments · MA | 223(f) | $14.4M |
| 2026-09-15 | Falcon Ridge · WI | 223(f) | $25.7M |
| 2026-09-11 | Leather Trades Artist Lofts · MO | 223(f) | $5.7M |
| 2026-08-26 | Optimist Village · TX | 223(f) | $3.2M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Park Hill I Apartments · NY | 223(f) | $145M |
| Park Hill II Apartments · NY | 223(f) | $144M |
| St. George Plaza Apartments · NY | 223(f) | $106M |
| Park Lake Apartments · NY | NC/SR | $86.6M |
| The Hub · KY | 223(f) | $78.8M |
| Palm Lake Apartments · FL | 223(f) | $70.0M |
| Aspire 11 Apartments · WA | NC/SR | $67.8M |
| Norgate Plaza Apartments · NY | 223(f) | $59.6M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Lument Real Estate Capital, LLC as servicer on 1,716 apartment loans with $19.47 billion of balance and 208,171 units. The median note rate on that book is 3.58%. 1,102 of the loans carry a rate under 4%. 10 mature within five years. HUD lists the same name as holder of 1,714 loans.
- 223(f)
- 1,098 loans
- 221(d)(4)
- 354 loans
- 223(a)(7)
- 246 loans
- 241(a)
- 9 loans
- Other
- 9 loans
Largest servicing states: Ohio (277), Texas (224), Massachusetts (167), California (129), New York (87), Michigan (75).
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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