MINNEAPOLIS, MN - The Orange County office of Colliers Mortgage, part of Colliers International | U.S., recently closed two separate Fannie Mae loans totaling $33.1 million for the refinancing of three market-rate multifamily apartment properties located in Cottonwood, Arizona: Mountain View Villa Apartments, Rio Verde Apartments and Sagewood Apartments. Constructed between 1985 and 1999, the three properties total 340 units.
The Fannie Mae loans utilized Green Rewards and both carry 10-year terms and 30-year amortization schedules. The loans were arranged for Mountain View Villa Partners, LLC and Cottonwood Investment Group One, 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.