Lument Closes $73.1 Million Bridge Loan for the Acquisition of a Built-to-Rent (BTR) Community in Phoenix

Arcus Harbor Real Estate Capital led the financing for the acquisition of Merrick on Camelback.

New York, NY - July 22, 2026 - Lument today announced the closing of a $73.1 million bridge loan that it provided for the acquisition of Merrick on Camelback, a 334-unit built-to-rent community in Phoenix, Arizona. The financing was originated by Arcus Real Estate Capital, which led the transaction on behalf of the borrower.

Arcus Harbor maintains an exclusive correspondent relationship with Lument, referring all Fannie Mae, Freddie Mac, and FHA loans it originates to Lument for underwriting, processing, and closing. Arcus clients also have access to Lument's balance sheet lending and other non-agency financing solutions.

The sponsor is Golden Horizon Enterprises, a California-based development firm with a focus on sustainable and community-centric development.

"Golden Horizon Enterprises excels at identifying untapped potential and operational efficiencies that improve the performance of best-in-class housing that meets the needs of today's communities," said Andrew Kwok, principal at Arcus Harbor. "In a volatile BTR lending environment, our conviction never wavered - advising Golden Horizon on this strategic acquisition reflects our ability to deliver certainty of execution when it matters most."

The bridge loan has a three-year term with two one-year extension options.

"Arcus executed the bridge loan with precision and impressive efficiency, guiding us to close in just 45 days and delivering an excellent outcome. The flexible terms provided by Lument will help finance the next chapter for this property as we bring our vision to life," said Marlowe Moy, principal at Golden Horizon Enterprises.

Merrick on Camelback is a gated build-to rent community with one-, two-, and three-bedroom floor plans in single-level living and private detached units. Amenities include a dog park, dog washing station, fitness center, and swimming pool.

About Lument
Lument, a subsidiary of ORIX Corporation USA, is a national leader in commercial real estate finance and delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument offers Fannie Mae, Freddie Mac, FHA, USDA, and balance sheet financing, as well as a full suite of capital market lending products. In addition, Lument provides a suite of real estate advisory solutions including real estate investment sales, investment banking, and investment management solutions. The company has approximately 550 employees in over 30 offices across the United States.

Securities, investment banking, and advisory services are provided through Lument Securities, LLC, member FINRA/SIPC. Lument Investment Management, LLC, is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit https://www.lument.com/.