Lument Provides $14.4 Million Fannie Mae Multifamily DUS® Loan for the Acquisition of Houston Apartment Community

New York, NY - April 27, 2026 - Lument today announces the closing of a $14.4 million Fannie Mae Multifamily DUS® conventional loan for the acquisition of Aspen Forest, a 144-unit garden-style multifamily property in Houston, Texas. Lument's Ted Nasca, a managing director based in Chicago, led the transaction.

The borrower, Cube Equity Group, is a vertically integrated commercial real estate investment and management firm, specializing in multifamily real estate within the Houston metro area. Its multifamily portfolio is roughly $70 million in assets under management.

"It was a pleasure collaborating with Cube Equity Group's leadership to deliver an optimal outcome under a very tight timeline despite unforeseen hurdles," said Lument's Nasca. "The Lument credit team played a key role in navigating the deal throughout the entire underwriting process and steering to a successful closing."

The loan features a fixed interest rate, five-year term with partial interest only, and a 30-year amortization period.

James Yang, managing partner at Cube Equity Group, added, "Lument's team was instrumental in guiding us through this process with their expertise and professionalism. We look forward to continuing our working relationship with Lument as we continue to deliver exceptional returns to our investors."

Built in 1985, Aspen Forest consists of 36 two-story residential buildings. It underwent a full renovation in 2020, including exterior improvements and interior upgrades.

About Lument
Lument, a subsidiary of ORIX Corporation USA, is a national leader in commercial real estate finance and delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument offers Fannie Mae, Freddie Mac, FHA, USDA, and balance sheet financing, as well as a full suite of capital market lending products. In addition, Lument provides a suite of real estate advisory solutions including real estate investment sales, investment banking, and investment management solutions. The company has approximately 550 employees in over 25 offices across the United States.

Securities, investment banking, and advisory services are provided through Lument Securities, LLC, member FINRA/SIPC. Lument Investment Management, LLC, is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit https://www.lument.com/.