Colliers Mortgage Closes $ 10.5 Million Fannie Mae Refinance Loan for 314 Multi-Family Home Portfolio in Norman, Oklahoma
MINNEAPOLIS, MN – Colliers Mortgage, a subsidiary of Colliers International | US, recently entered into a $ 10.5 million Fannie Mae loan to refinance the Norman Portfolio, a five-family multi-family apartment building at market rates located in Norman, Oklahoma, totaling 314 units.
The portfolio includes: Huntington Creek Apartments, Winshire Square Apartments, Willowbrook Apartments, Saratoga Springs and Sycamore Cottages. The five properties are within 3 miles of each other and located 15 miles from downtown Oklahoma City.
The Fannie Mae loan with a term of 7 years and 30 years of amortization has been arranged for the borrower, Teelco Parent LLC.
About Mortgage Collars: Colliers Mortgage, part of Colliers International, is a national full-service mortgage bank, FHA MAP and LEAN approved lender, and Fannie Mae Delegated Underwriting and Servicing (DUSÂ®) lender, specializing in accessing loan programs for federal agencies for the acquisition, refinancing, construction or rehabilitation of a multitude of types of properties. Colliers Mortgage also holds the Lender / Partner designation with the USDA under the Secured Loans for Community Facilities program. Additionally, as Ginnie Mae’s Authorized Seller / Repairer, they service their mortgages and currently manage over $ 10.0 billion in loans.
About the Colliers International Group Inc. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. Present in 67 countries, our more than 15,000 enterprising professionals work together to provide expert advice to occupants, owners and real estate investors. For over 25 years, our experienced leadership with significant insider participation has generated annual compound returns of almost 20% for shareholders. With annualized revenues of $ 3.0 billion ($ 3.3 billion including affiliates) and $ 40 billion in assets under management, we maximize the potential of ownership and accelerate the success of our clients and of our employees. Find out more at corporate.colliers.com, Twitter @Colliers or LinkedIn.