Lument Provides $64.6 Million Refinancing for Student Housing Community Near Johns Hopkins University 

Baltimore — Lument has provided a $64.6 million refinancing for Nine East 33rd, a 568-bed student housing property located near Johns Hopkins University’s Homewood campus in Baltimore. Tim Smits of Lument led the team in placing the loan through Freddie Mac’s capital markets execution program. The loan features a five-year, fixed-rate mortgage with interest only payments. The borrower in the transaction is HH Fund. Developed in 2016, the community offers one-, two-, three- and four-bedroom fully furnished units.