MINNEAPOLIS, MN - The Minneapolis office of Colliers Mortgage, part of Colliers International | U.S., recently closed separate Fannie Mae loans for the refinancing of three market rate multifamily apartment properties in Albany, Georgia: Nottingham Apartments, Nottingham North Apartments and The Village Apartments. The three properties were constructed between 1969 and 1973 and all underwent renovations in 2019. Nottingham Apartments includes 146 units located throughout 21 two-story buildings with a leasing office and clubhouse.
Nottingham North Apartments includes 161 units located throughout 15 two-story apartment buildings, as well as a single story building for housing pool equipment. The Village includes 100 units located throughout 9 two-story buildings, as well as a single-story leasing office building and maintenance building.
The 15-year term, 30-year amortization loan for Nottingham Apartments was arranged for Nottingham 146 LLC. The 12-year term, 30-year amortization loan for Nottingham North Apartments was arranged for Nottingham North 161 LLC. The 12-year term, 30-year amortization loan for The Village was arranged for The Village 100 LLC.
About Colliers Mortgage: Colliers Mortgage, part of Colliers International, is a full-service, nationwide mortgage banking firm, approved FHA MAP and LEAN lender and a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, specializing in providing access to federal agency loan programs for the acquisition, refinance, construction or rehabilitation for a multitude of property types. Colliers Mortgage also holds designation as a lender/partner with the USDA under the Community Facilities Guaranteed Loan Program. Additionally, as an approved Ginnie Mae seller/servicer, they provide loan servicing for their mortgages and currently service in excess of $8.0 billion of loans.
About Colliers International Group Inc. Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our 14,500 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.