Lument announced its launch of a dedicated affordable housing investment sales and advisory group as a next step in its goal to become one of the foremost providers of affordable housing solutions in the nation.

Cliff McDaniel will head the initiative and serve as senior managing director. McDaniel has built one of the most successful affordable housing advisory and brokerage groups in the country and brings with him a seasoned team of affordable housing experts, including Derek DeHay and Chris Bergmann, who have been named managing directors. They join Timothy Bracken, managing director, who moved to Lument earlier in 2021, as founding members of the group.

The affordable housing investment sales and advisory group complements Lument's FHA, Fannie Mae, Freddie Mac, and proprietary lending. Lument is the top FHA lender and the nation's sixth-ranked affordable housing lender overall.