Lument Provides $25 Million in Short-Term Bonds and $22.1 Million in Permanent Financing

Lument announced the successful underwriting of $25 million in short-term bonds and the closing of a $22.1 million Freddie Mac unfunded forward loan as part of a financing structure that allows DHA Housing Solutions for North Texas (DHA) and the Volunteers of America National Services (VOANS) to develop The Oaks, a mixed-income seniors housing community in Dallas, TX. Tracy Peters, senior managing director, and Dale Giffey, associate director, led the transaction for Lument. 

“While every transaction we close at Lument is noteworthy in its own right, there are certain deals that are especially rewarding because they enrich communities by creating new, high-quality housing that enhances lives across the affordability spectrum,” said Peters. “This collaboration was certainly such a transaction.”