MINNEAPOLIS, MN - Fritz Waldvogel of the Dallas office of Colliers Mortgage closed a $41,811,000 HUD loan for the refinance of Village at Rayzor Ranch in Denton, Texas.
The 300-unit market-rate multifamily property features studio and one- and two-bedroom options, including walk-in closets, laundry appliances, vinyl flooring, and marble countertops. Community amenities feature a pool, outdoor grill, cabana, BBQ/picnic area, outdoor lounge and firepit, dog park and dog wash, clubhouse, coworking space, conference room, coffee/tea bar, lounge, fitness center, yoga room, sports court, spa, package service, on-site maintenance, on-site management, laundry service, business center, and controlled access.
The loan carries a 35-year term/amortization and was arranged through a partnership with Old Capital Lending for borrower, Village at Rayzor Ranch, 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 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.