MINNEAPOLIS, MN - Fritz Waldvogel out of the Colliers Mortgage Dallas, Texas office has closed a Fannie Mae loan for the acquisition of Main Street Lofts located in Mansfield, Texas.
Built in 2021, the 266-unit market rate multifamily property offers studio, and one-, two-, and three-bedroom units. Amenities at the gated access property feature a 3-acre public dog park, bike trail with connection to city trail system, resort style pool with a pavilion, BBQ grills, picnic area and firepit with seating, rooftop deck and entertainment lounge, fitness center, yoga/cycling studio, social library and coffee bar, and package lockers.
Unit amenities include full sizer washer/dryer, stainless steel appliances, farmhouse sink in the kitchen, mud room*, kitchen pantry*, wood plank style flooring, soaking tub, walk-in closets, ceiling fan in living and bedrooms, spacious patio/balcony, and smart thermostats (* indicates in select units).
The loan carries a 5-year term and was arranged for a repeat client, SPI Main Street Lofts 266 DE, LLC.
About Colliers Mortgage: Colliers Mortgage is distinctively positioned to help meet our clients’ financing, funding and capitalization needs for the acquisition, refinance, construction, rehabilitation, equity bridge and permanent debt for a multitude of property types nationwide. Our professionals work collaboratively to analyze and uncover the best options available for each client’s unique needs, by offering access to federal agency loan programs, commercial finance solutions, and in identifying capital sources for capitalization requirements. We also service all loans we originate and are currently servicing more than $10.0 billion in loans.
About Colliers: Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.