MINNEAPOLIS, MN - Colliers Mortgage, part of Colliers International | U.S., recently closed two separate Fannie Mae Loans for the refinancing of Bay Pointe Apartments and the refinancing of Millwood Apartments, both located in Maumelle, Arkansas. Bay Pointe Apartments was constructed in 1986 and includes 65 units located throughout four two-story apartment buildings, as well as a one-story residential building. Millwood Apartments was constructed in 1980 and includes 96 units located throughout eight two-story apartment buildings, as well as a single-story leasing office.
The $1,043,000 Fannie Mae loan arranged for Bay Pointe Apartments carries a 15-year term and 30-year amortization schedule and was arranged for borrower, Bay Pointe Apartments, Limited Partnership. The $1,399,000 Fannie Mae loan arranged for Millwood Apartments carries a 15-year term and 30-year amortization schedule and was arranged for borrower, Millwood Apartments, Limited Partnership.
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 $10.0 billion of loans.
About Colliers International Group Inc. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.