Lument

What Lument does

Lument is a commercial real estate finance and advisory firm headquartered at 230 Park Avenue in New York City that originates, services, and arranges debt and equity solutions across multifamily, affordable housing, seniors housing, skilled nursing, manufactured housing, and hospital property types. The company operates as a wholly-owned subsidiary of ORIX Corporation USA (NYSE: IX), following ORIX's 2020 acquisition and rebranding of the legacy Hunt Real Estate Capital franchise. Lument is one of only six lenders in the United States licensed to offer all major agency programs from Fannie Mae (Delegated Underwriting and Servicing), Freddie Mac, and HUD/FHA (MAP and LEAN), and it supplements these agency channels with proprietary balance sheet lending (bridge and mezzanine) and real estate capital markets execution.

The company's platform is delivered through five core operating subsidiaries: Lument Real Estate Capital (NMLS No. 1108165), Lument Structured Finance (NMLS No. 1965819), Lument Securities (a FINRA/SIPC registered broker-dealer), Lument Investment Management (SEC-registered adviser), and Lument Finance Trust (a publicly traded mortgage REIT focused on transitional floating-rate commercial mortgage loans). Distribution is conducted entirely through direct enterprise field sales via a national team of senior managing directors and originators covering defined geographic territories, with no channel partner or marketplace intermediation. Supporting infrastructure includes a rates transparency portal at rates.lument.com and a weekly market intelligence publication, Trading Desk Talk.

Lument generates revenue through four primary streams: transaction-based loan origination fees (agency and balance sheet), recurring loan servicing and asset management fees on its $55.5B serviced portfolio (as of January 2026), transaction-based investment sales and M&A advisory fees, and recurring investment management income. In 2025, the company originated $12.4B in transaction volume across 68,000+ units and ranked as the #1 FHA MAP Lender by loan count for HUD Fiscal Year 2025. The firm employs 501-1,000 people across offices in New York, New Canaan (CT), and Columbus (OH), and it raised $115M in capital in February 2022 alongside earlier 2021 rounds totaling approximately $45.3M.

Name

Lument

Legal name

Lument Real Estate Capital Holdings, LLC

Website

https://lument.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Lument is a New York-based commercial real estate finance firm and ORIX Corporation USA subsidiary that originates, services, and advises on Fannie Mae, Freddie Mac, HUD/FHA, and balance sheet loans for multifamily, seniors housing, healthcare, and commercial property owners across the United States.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Finance

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Offices of Real Estate Agents and Brokers (5312), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Vehicles (52599)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163), Security Brokers, Dealers & Flotation Companies (6211), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Debt & Structured Finance / Mortgage Brokerage (BPAJABAK)

akta.pro secondary industries

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE), Balance-Sheet / Portfolio CRE Lending (FSALADAG), Real Estate Private Credit (CRE Debt) (FSANADAG), Hard Money & Private Mortgage Lending Intermediation (FSAEAEAH), SME Commercial Real Estate (CRE) Lending (FSABABAG)

Keywords

• Commercial real estate lending
• Multifamily financing
• Agency loan origination
• Real estate investment sales
• Seniors housing finance

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Loan Origination: Lument earns origination fees from structuring and closing commercial real estate loans through agency programs (Fannie Mae, Freddie Mac, HUD/FHA) and balance sheet lending. As one of six lenders licensed for all three major agency programs, origination represents a primary revenue driver.
2. Loan Servicing: The company services a $55.5B loan portfolio (as of January 2026), generating recurring servicing fee income. Loan servicing and asset management is listed as a core service offering.
3. Investment Sales & M&A Advisory: Lument provides real estate investment sales (multifamily, affordable housing, seniors housing) and mergers & acquisitions advisory services, earning transaction-based fees on closed deals.
4. Investment Management: Lument Finance Trust, Inc. (a separate publicly traded entity) invests in transitional floating rate commercial mortgage loans focused on middle-market multi-family assets, generating investment income and distributing dividends to shareholders.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Lument originates and services commercial real estate loans across multiple agency and proprietary programs (Fannie Mae, Freddie Mac, HUD/FHA MAP & LEAN, balance sheet bridge and mezzanine) for multifamily, affordable housing, seniors housing, skilled nursing, hospital, and manufactured housing properties. Beyond lending, the firm delivers integrated investment banking, real estate investment sales, and mergers & acquisitions advisory services for commercial real estate investors, developers, and operators across the United States.

Product overview

Lument is a commercial real estate financing and investment services company offering a comprehensive suite of debt solutions and advisory services. The platform operates across multiple loan programs including Fannie Mae, Freddie Mac, HUD/FHA, and proprietary balance sheet lending (bridge and mezzanine). Beyond financing, Lument provides investment banking, mergers and acquisitions advisory, real estate investment sales, loan servicing, and asset management. The company specializes in property types including multifamily, affordable housing, seniors housing, skilled nursing, manufactured housing, and hospitals. Lument also operates market intelligence channels (Trading Desk Talk) and a rates portal. Lument is one of only six lenders licensed to offer all loan programs from Fannie Mae, Freddie Mac, and HUD/FHA.

Differentiator

Problem solved

Functional benefit

Products and services

• Fannie Mae Financing Fannie Mae loan programs for commercial real estate financing, including Delegated Underwriting and Servicing (DUS) products for multifamily and other property types, targeting owners, operators, and developers of multifamily housing.
• Freddie Mac Financing Freddie Mac loan programs for commercial real estate, offering agency financing solutions for multifamily and seniors housing properties.
• HUD/FHA Loans Federal Housing Administration loan programs including MAP and LEAN for multifamily, seniors housing, and healthcare facilities financing. Lument ranked #1 FHA MAP Lender by loan count for HUD Fiscal Year 2025.
• Balance Sheet Lending Proprietary balance sheet financing including bridge loans and mezzanine financing for commercial real estate borrowers requiring transitional or non-agency capital.
• Real Estate Capital Markets Capital markets execution and structured finance solutions for commercial real estate transactions, including CMBS and structured capital raises.
• Investment Banking Advisory services including sell-side and buy-side M&A, corporate finance, and strategic advisory for senior care, seniors housing, healthcare, multifamily, and commercial real estate clients.
• Real Estate Investment Sales Investment sales platform for multifamily, affordable housing, and seniors housing properties across the United States, recently expanded into seniors housing (Feb 2026).
• Mergers and Acquisitions M&A advisory services for seniors housing, skilled nursing, healthcare facilities, and multifamily sectors, including corporate exits, divestitures, and capital placement.
• Loan Servicing and Asset Management Loan servicing, asset management, and portfolio surveillance services for a $55.5B commercial real estate loan portfolio, generating recurring servicing fee income.
• Mortgage Banking Services Comprehensive mortgage banking capabilities including origination, underwriting, and closing services for commercial real estate loans.
• Seniors Housing Investment Sales Platform Integrated investment sales and debt advisory platform dedicated to seniors housing investors, developers, and owner-operators, combining property sales brokerage with Lument's HUD/FHA and capital markets debt capabilities.

Quantifiable outcome

• #1 FHA MAP Lender by loan count for HUD Fiscal Year 2025
• +2 more outcomes

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Walker & Dunlop: Walker & Dunlop is one of the largest U.S. commercial real estate finance companies, with similar agency (Fannie Mae, Freddie Mac, HUD) lending and a large multifamily servicing portfolio. It is the most direct public-market comparable to Lument, with overlapping product offerings, customer base, and integrated investment sales platform.
• Berkadia: Berkadia is a joint venture between Berkshire Hathaway and Jefferies that provides commercial real estate capital solutions including agency lending, investment sales, and servicing. It directly competes with Lument in multifamily and seniors housing debt and equity advisory.
• NorthMarq Capital: NorthMarq is a privately held commercial real estate capital markets firm offering debt, equity, and investment sales across multifamily, seniors housing, and other property types. It competes with Lument across the full CRE capital stack with similar integrated service offerings.
• Meridian Capital Group: Meridian is a major commercial real estate finance firm specializing in multifamily and seniors housing debt origination. It directly competes with Lument's agency lending and structured finance businesses across similar property types and customer segments.

Broad incumbents

• JLL (Jones Lang LaSalle) Capital Markets: JLL is a global commercial real estate services firm with a major Capital Markets division offering investment sales, debt advisory, and equity placement. It competes with Lument's investment sales and M&A advisory but operates at much broader scale across property types and geographies.
• CBRE Capital Markets: CBRE is the world's largest commercial real estate services firm with extensive debt advisory and investment sales capabilities. Its Capital Markets group competes with Lument's investment sales and M&A advisory across multifamily, healthcare, and seniors housing.
• Newmark Group: Newmark provides commercial real estate services including capital markets, investment sales, and multifamily debt origination through its Newmark Mortgage Capital division. It is a broad incumbent offering overlapping capabilities with Lument's debt and equity advisory.
• Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm with a Capital Markets practice covering investment sales, debt placement, and equity advisory. It competes with Lument in investment sales and debt advisory across multifamily and healthcare.
• PGIM Real Estate Finance: PGIM Real Estate Finance is the commercial mortgage lending arm of Prudential Financial, offering agency and balance sheet lending plus debt capital markets execution. It is a major institutional lender with overlapping capabilities to Lument's multifamily and seniors housing financing.
• JPMorgan Chase Commercial Real Estate: JPMorgan's commercial real estate division provides large-balance agency lending, balance sheet financing, and capital markets advisory. It is a broad incumbent competing with Lument in multifamily, healthcare, and seniors housing capital solutions.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lumentCRE
• LinkedInlinkedin.com/company/lument
• Instagraminstagram.com/lumentcre

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries5 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lument