Lument Expands Multifamily Lending in Pacific Northwest

Industry veteran Frank Hornung joins as senior director to lead regional originations

Apr. 15, 2026 at 8:22pm

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A minimalist studio still life photograph featuring a stack of loan documents, a pen, and a calculator arranged on a clean, white background, symbolizing the abstract concepts of commercial real estate finance and customized financing options.Lument's expanded multifamily lending team in the Pacific Northwest aims to provide tailored capital solutions for regional sponsors.Seattle Today

Lument, a commercial real estate finance firm, 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 will be responsible for 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 other markets.

Why it matters

The Pacific Northwest is seen as an increasingly active market for multifamily investment and development, making Hornung's hire a strategic move for Lument to deepen its presence and better serve sponsors in the region who require access to diverse capital solutions.

The details

Hornung brings over 25 years of commercial real estate experience, encompassing both lending and ownership. He has originated over $3 billion in loans and previously founded IPM Investments, where he focused on acquiring and repositioning value-add multifamily properties in the Pacific Northwest and Sunbelt markets. His background as both a lender and operator is expected to inform his approach to structuring capital solutions for multifamily borrowers, with a particular focus on flexible loan structures like bridge and agency products that support value-add business plans.

  • Hornung joined Lument's Seattle office in April 2026.

The players

Frank Hornung

A 25-year industry veteran who has been hired as a senior director at Lument to lead multifamily lending originations in the Pacific Northwest.

Lument

A commercial real estate finance firm that provides flexible capital solutions and an integrated investment sales platform serving multifamily, affordable housing, seniors housing, and other commercial real estate owners.

Ian Monk

The head of conventional production at Lument, who highlighted the strategic importance of Hornung's hire and the firm's intent to expand its reach among multifamily owners and investors in the Pacific Northwest.

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What they’re saying

“The Pacific Northwest is a market where activity continues to build, and Frank's direct experience with sponsor needs and his strategic financing expertise are expected to help us deepen our presence in the region and further support clients seeking tailored capital solutions.”

— Ian Monk, Head of Conventional Production

The takeaway

Lument's hire of Frank Hornung signals the firm's commitment to expanding its multifamily lending capabilities in the Pacific Northwest, a region seen as increasingly active for investment and development. Hornung's dual experience as both a lender and operator is expected to provide valuable insights in structuring flexible financing solutions for sponsors in the market.