Lument provided $6.8 million to refinance a 78-unit, garden-style apartment community in El Paso, Texas. In regard to the SBL program specifically, Freddie exceeded 2020's productions levels by 15%, funding nearly $5.5 billion.Īmong the SBL transactions Lument closed in 2021 were: In total, Freddie Mac closed $70 billion in multifamily loan volume including conventional, targeted affordable, manufactured housing communities, seniors housing and SBLs. "We thank Freddie for their collaboration and look forward to continuing to use our expertise to deliver quality mission-driven business while meeting the distinctive needs of small balance investors in lower-cost properties." "Freddie Mac had a tremendous year, reaching its target volume cap and thus preserving and creating much-needed quality rental housing," said Lument's Rick Warren, senior managing director and head of small balance production. This is the first appearance for Lument's SBL team on the Top Optigo ® list. Lument's SBL team placed third on Freddie Mac's rankings for the year with 225 closed transactions totaling $605.3 million, covering 8,000 units in 34 different states. 8, 2022 /PRNewswire/ - Lument was recently named a 2021 Top Optigo ® lender by Freddie Mac for its Small Balance Loan (SBL) program.
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