Lument Provides $28.8 Million Freddie Mac Unfunded Forward Loan for Affordable Multifamily Development in Phoenix
Lument recently announced the closing of a $28.8 million Freddie Mac Unfunded Forward loan to finance the construction of Mesquite Terrace Apartments, a 297-unit affordable housing community in Phoenix, Arizona. Tim Hoppin, director in Lument’s Denver, Colorado office, was the lead on the transaction. The sponsor is first-time Lument client, Trinity Housing Development, which has extensive......