These latest closings support a wide range of business plans. An additional $170 million of bridge loans are currently under application and set to close in early 2025.
NEW YORK, Jan. 16, 2025 /PRNewswire/ -- Lument announced today that it closed more than $198 million in balance sheet bridge financing in December 2024. The loans facilitate the lease-up, acquisition, and construction of seven multifamily properties across the country. Together, the loans support more than 1,500 units across six states, as summarized below:
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