MINNEAPOLIS, MN - The Orange County team of Colliers Mortgage, part of Colliers International | U.S., is pleased to have closed a $16.5 million Fannie Mae loan for the acquisition financing of Diamond Ridge Townhomes, a 57-unit market rate multifamily townhome property located in Draper, Utah.
The pet-friendly property was constructed in 2019 with units featuring sleek, modern styling, attached two-car garages, full-size washers and dryers, breathtaking mountain views, walk-in closets, quartz counter tops and vaulted ceilings with expansive windows.
The 10-year term, full-term amortization loan was arranged for borrower, Countryside Draper, 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.