Lument Closes $21.2M HUD Express Lane Refinance for Nebraska Senior Housing Community

Lument has closed a $21.2 million U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) Section 232/223(f) Express Lane refinance for Pemberly Place Senior Living, a seniors housing community in Lincoln, Nebraska, the firm announced April 24, 2026.

Transaction Details and Deal Structure

The refinance covers Pemberly Place Senior Living, a 132-unit community built in 2017 that offers assisted living, independent living, and memory care options, along with an on-site medical clinic. The FHA loan carries a fixed interest rate and a 35-year term. Proceeds were used to retire existing bank debt from a construction loan that Lument had originally originated for the property. In addition, Lument helped structure a shareholder note to reimburse the borrower for previous capital expenditures.

Quintin Harris, managing director at Lument, and Patrick Roan, director at Lument, led the transaction. The property is locally owned and operated in partnership with MJ Senior Living, a Nebraska-based management company.

HUD Express Lane Program Delivers Seven-Day Commitment

A notable feature of the transaction was the speed of execution under HUD's Express Lane program. Lument obtained a firm commitment from FHA just seven days after application submission, then advanced to closing consistent with customary market timelines.

"The Express Lane is the result of HUD listening to lenders and borrowers and making meaningful changes that accelerate transactions," said Harris. "FHA programs have long offered some of the most competitive terms in the market, and now they pair that strength with enhanced speed and execution certainty, providing a critical advantage in a volatile market."

HUD also commented on the deal. "This is a strong example of how FHA's 232 Express Lane is driving efficiency while maintaining disciplined underwriting," the agency said in a statement promoting the transaction.

About the Parties

Lument, a subsidiary of Orix Capital Corporation, is a national commercial real estate financing firm offering capital solutions for investors in multifamily real estate, 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 markets 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.

Pemberly Place Senior Living is managed by MJ Senior Living, a Nebraska-based operator. The property features assisted living, independent living, and memory care units alongside an on-site medical clinic.

Sources: Lument Press Release, April 24, 2026