Lument Closes $14.4M Fannie Mae Loan for Cube Equity Group's 144-Unit Houston Multifamily Acquisition

Lument has closed a $14.4 million Fannie Mae Multifamily DUS® loan to finance the acquisition of Aspen Forest, a 144-unit garden-style apartment community in Houston, Texas, the firm announced April 27, 2026. The borrower is Cube Equity Group, a vertically integrated commercial real estate investment and management firm focused on multifamily real estate in the Houston metro area.

Loan Structure and Financing Terms

The Fannie Mae Multifamily DUS® conventional loan carries a fixed interest rate, a five-year term with partial interest only, and a 30-year amortization period. Ted Nasca, a managing director at Lument based in Chicago, led the transaction on behalf of the lender.

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

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

About the Aspen Forest Property

Aspen Forest was built in 1985 and comprises 36 two-story residential buildings totaling 144 units. The property underwent a full renovation in 2020 that included both exterior improvements and interior upgrades. The acquisition adds to Cube Equity Group's Houston-focused multifamily portfolio, which the firm reports at approximately $70 million in assets under management.

About Cube Equity Group

Cube Equity Group describes itself as a vertically integrated firm specializing in multifamily real estate within the Houston metro area. James Yang, the firm's managing partner, indicated the firm intends to continue working with Lument on future transactions.

About Lument

Lument, a subsidiary of Orix Capital Corporation, is a national commercial real estate finance firm offering capital solutions for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. The firm provides Fannie Mae, Freddie Mac, FHA, USDA, and balance sheet financing, as well as capital market lending products and real estate advisory services including investment sales, investment banking, and investment management. Lument employs approximately 550 people across more than 25 offices in the United States.