MINNEAPOLIS, MN - The New York office of Colliers Mortgage, part of Colliers International | U.S., is pleased to have closed an $11.3 million Fannie Mae loan for the acquisition financing of The Pointe North Hills Phase II, an 86-unit market rate luxury resort-style apartment community located in North Little Rock, Arkansas.
The pet-friendly property was constructed in 2020 and shares resort style amenities with Phase I of the property, including 24-hour fitness center, Las Vegas resort-style pool, two private movie theaters, virtual fitness studio, sports simulator lounge and more.
The 10-year term, 30-year amortization loan was arranged for borrower, The Pointe North Hills, 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 of a multitude of property types. Colliers Mortgage is also an active participant with the USDA under the Community Facilities Guaranteed Loan Program. Additionally, as an approved Ginnie Mae seller/servicer, we provide loan servicing for our mortgages and currently service more than $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 66 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 $3.3 billion ($3.6 billion including affiliates) and $45 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.