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NEW YORK, May 3, 2021 /PRNewswire/ Lument recently provided acquisition financing in the form of a $12.9 million Fannie Mae conventional loan to an experienced multifamily housing sponsor for the purchase of The Landing Apartments, a 166-unit, high-rise and garden-style community in Dayton, Ohio. Steven Cox, senior managing director in Lument s New York office, led the transaction. Collaborating with this experienced sponsor to arrange Fannie Mae acquisition financing was a pleasure, said Cox. The Landing Apartments is an important source of quality housing in its area. With the acquisition financing, immediate repairs, and new property management, the community is well poised for a bright future.