Lument has expanded its multifamily lending team in the Pacific Northwest with the addition of industry veteran Frank Hornung as senior director. In his new role, Hornung is tasked with originating a range of multifamily loans, including Fannie Mae, Freddie Mac, HUD/FHA, bridge, and commercial CMBS executions, for clients across the Pacific Northwest and in other markets. He will operate from Lument’s Seattle office, giving the firm a localized presence in a region it views as increasingly active.
Hornung brings more than 25 years of commercial real estate experience, encompassing both lending and ownership. Over the course of his career, he has originated in excess of $3 billion in loans, building relationships with multifamily sponsors and capital providers across multiple cycles. His background includes founding IPM Investments, where he focused on acquiring and repositioning value-add multifamily properties, with a particular emphasis on the Pacific Northwest and Sunbelt markets.
That experience as both lender and operator is expected to inform Hornung’s approach to structuring capital solutions for multifamily borrowers. Having worked on the ownership side of value-add business plans, he is familiar with the operational, capital expenditure, and timing considerations that drive sponsor decision-making. This perspective may be particularly relevant for investors pursuing renovation, repositioning, or other business plans that benefit from flexible loan structures, including bridge and agency products.
Ian Monk, head of conventional production at Lument, highlighted the strategic importance of the hire, describing the Pacific Northwest as a market where activity continues to build. He noted that Hornung’s direct experience with sponsor needs and his strategic financing expertise are expected to help the firm deepen its presence in the region and further support clients seeking tailored capital solutions. The appointment signals Lument’s intent to expand its reach among multifamily owners and investors that require access to multiple lending channels.
Lument positions itself as a provider of flexible capital solutions and an integrated investment sales platform serving multifamily, affordable housing, seniors housing, and other commercial real estate owners. The firm combines agency lending, bridge financing, and CMBS capabilities with advisory services designed to help clients buy, sell, refinance, and plan for long-term portfolio strategies. With Hornung joining the Seattle office, Lument is aligning additional origination capacity with regional demand from sponsors active in both stabilized and value-add multifamily assets.
As multifamily borrowers in the Pacific Northwest and beyond navigate evolving capital markets, access to agency, bridge, and CMBS options through a single platform can be an important tool for matching financing structures to hold periods and business plans. Hornung’s track record and dual perspective as lender and investor add another resource for sponsors looking to execute transactions ranging from acquisitions and recapitalizations to refinancings and portfolio repositionings within the broader Lument network.
