MINNEAPOLIS, MN - Les Hardin of Colliers Mortgage has closed a $7,802,000 Fannie Mae loan for the refinance of Southeast Englewood and South Wabash in Chicago, Illinois.
The 72-unit scattered site multi-family property consists of six, 3-story apartment buildings with garden level basements built on six parcels, three of which are non-contiguous, within two miles of one another in the Chicago MSA and are generally consolidated near where I-90 and I-94 converge.
All 72 units are restricted to low- income tenants by a HUD Section 8 HAP contract.
The loan carries a 120-month term and was arranged through a partnership with LSG Lending Advisors.
About Colliers Mortgage: 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 commercial property types nationwide. Our professionals work collaboratively to provide solutions that best fit each client’s unique needs, offering access to federal agency loan programs, commercial finance solutions, and identifying capital sources for capitalization requirements. We also service all loans we originate and are currently servicing more than $14.0 billion of loans.
About Colliers: Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.3 billion and $98 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, X @Colliers or LinkedIn.