HUD lender profile
NorthMarq Finance, LLC: HUD multifamily lending record
HUD insured 29 multifamily loans with NorthMarq Finance as lender in FY2022-FY2026, for $490 million and 3,530 units. That is 0.8% of all HUD multifamily dollars in those years and #30 among lenders.
- HUD files it as NORTHMARQ FINANCE 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 1 HUD loan for $36.3 million, down 59% from FY2025 and ranking #42 among HUD multifamily lenders that year.
Its HUD book is concentrated: 223(f) made up 90% of its dollars over five years.
It lent in 15 states; Washington was the largest at 12% of dollars.
Its median loan was $15.4 million, close to 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 77 days (25 loans), against 87 days for all lenders, 10 days faster.
3 of its 29 loans (10%) 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 | 1 | $36.3M | 1 | 0 | #42 | |
| FY2025 | 4 | $88.2M | 4 | 0 | #27 | |
| FY2024 | 2 | $65.3M | 2 | 0 | #29 | |
| FY2023 | 5 | $73.4M | 5 | 0 | #28 | |
| FY2022 | 17 | $227M | 13 | 0 | #24 | |
| FY2021 | 21 | $456M | 12 | 0 | #19 | |
| FY2020 | 11 | $172M | 8 | 1 | #27 | |
| FY2019 | 5 | $147M | 3 | 2 | #26 | |
| FY2018 | 7 | $80.7M | 7 | 0 | #34 | |
| FY2017 | 6 | $75.6M | 6 | 0 | #33 | |
| Since FY2008 | 168 | $2.30B | ||||
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 | 25 | $439M | $15.4M |
| 223(a)(7) streamlined refinance | 4 | $51.2M | $13.4M |
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 (29)
- 77 days median
- Middle half of its loans
- 62-109 days
- 223(f) (25 loans)
- 77 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2025-10-07 | Smart Living at Texas City · TX | 223(f) | $36.3M |
| 2025-06-26 | Southernside Apartments · MO | 223(f) | $18.5M |
| 2025-03-13 | Northern Lights Apartments · NE | 223(f) | $21.2M |
| 2024-11-14 | Stott's Mill · CO | 223(f) | $23.5M |
| 2024-10-22 | Alpine Heights · MO | 223(f) | $25.0M |
| 2024-05-29 | The Drake · TX | 223(f) | $41.2M |
| 2024-02-22 | Bradenton Reserve · FL | 223(f) | $24.1M |
| 2023-04-27 | Winfield at the Ranch · AZ | 223(f) | $26.2M |
| 2023-03-15 | The Dakota at Rainier Court · WA | 223(f) | $15.4M |
| 2022-10-21 | Courtland Place at Rainier Court · WA | 223(f) | $15.2M |
| 2022-10-13 | San Stefano Townhomes · AZ | 223(f) | $12.6M |
| 2022-10-12 | Silverwood Apartment Homes · ID | 223(f) | $4.0M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Newport Village Apartments · NV | 223(f) | $49.4M |
| The Drake · TX | 223(f) | $41.2M |
| Smart Living at Texas City · TX | 223(f) | $36.3M |
| Bungalows on the Lake at Prairie Queen · NE | 223(f) | $26.6M |
| Winfield at the Ranch · AZ | 223(f) | $26.2M |
| Alpine Heights · MO | 223(f) | $25.0M |
| Bradenton Reserve · FL | 223(f) | $24.1M |
| Stott's Mill · CO | 223(f) | $23.5M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Northmarq Finance LLC as servicer on 96 apartment loans with $1.32 billion of balance and 13,651 units. The median note rate on that book is 3.18%. 66 of the loans carry a rate under 4%. HUD lists the same name as holder of 96 loans.
- 223(f)
- 66 loans
- 223(a)(7)
- 23 loans
- 221(d)(4)
- 6 loans
- Other
- 1 loans
Largest servicing states: Iowa (10), Minnesota (8), Missouri (8), Texas (8), Nebraska (7), Colorado (6).
Other names in HUD's endorsement data that begin the same way (HUD files them separately, and we do not combine them): NorthMarq Capital, LLC.
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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