MINNEAPOLIS, MN - Fritz Waldvogel of the Minneapolis office of Colliers Mortgage closed a $12.9 million HUD loan for the refinance of District 29 Apartments and Townhomes in Fort Dodge, Iowa.
The 118-unit market-rate multifamily property features studio, one-bedroom, and two-bedroom apartment units and two- and three-bedroom townhome units.
Project amenities include a 24-hour fitness center, community room, parcel/mail room, on-site management, elevator, dog park and bike racks.
The loan carries a 35-year term/amortization and was arranged for borrower, District 29 Apartments, LLC.
About Colliers Mortgage (Agency Finance and Commercial Finance) - part of Colliers | U.S. Colliers Mortgage is distinctively positioned to help meet our clients’ financing, funding and capitalization needs for the acquisition, refinance, construction, rehabilitation, equity bridge and permanent debt for a multitude of property types nationwide. Our professionals work collaboratively to analyze and uncover the best options available for each client’s unique needs, by offering access to federal agency loan programs, commercial finance solutions, and in identifying capital sources for capitalization requirements. We also service all loans we originate and are currently servicing more than $10.0 billion of loans.
About Colliers: Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 63 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.6 billion and $92 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.