Colliers Mortgage Minneapolis Office Closes Fannie Mae Acquisition Financing for 224-Unit The Retreat Apartments in Temple, Texas

MINNEAPOLIS, MN - The Minneapolis office of Colliers Mortgage, part of Colliers International | U.S., recently closed a Fannie Mae loan for the acquisition financing of The Retreat Apartments located in Temple, Texas. 

The 224-unit market rate multifamily apartment property includes 20 two-story garden-style buildings, a leasing office, swimming pool, laundry facility, fitness center, picnic and BBQ area, pet waste stations and a leasable clubhouse.

The loan carries a 10-year term and 30-year amortization and was arranged through a partnership with Old Capital Lending.  

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 65 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners, and investors. For more than 26 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.6 billion ($4.0 billion including affiliates) and $46 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.

TRENDING

Multifamily Housing Industry's Reliance on ADA Accessibility Overlay Widgets for Website Compliance are Becoming High-Risk Targets NEW YORK, NY - Multifamily housing operators have faced a series of challenges in recent years, from rising interest and insurance rates to a wave of new regulations and scrutiny over their use of revenue management software to set rents. Amidst the turbulence of navigating these complexities, a...

More Stories

Get The Newsletter

Get The Newsletter

The latest multifamily industry news delivered to your inbox.