Colliers Mortgage closes $ 3.8 million refinancing loan from Fannie Mae for the Tallgrass Village II apartment community in Spirit Lake, Iowa
MINNEAPOLIS, MN – The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently completed a $ 3.8 million loan from Fannie Mae to refinance Tallgrass Village II, a 49-unit multi-family apartment building at market rates located in Spirit Lake, Iowa, near the center of the Great Lakes of Iowa and close to many area attractions.
Tallgrass Village II was built in 2019 with the units located in a two-story apartment building and three two-story townhouse buildings.
The 10-year and 30-year amortization loan has been arranged for the borrower, Tallgrass Village II, 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 (DUS®) 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 USDA Lender / Partner designation 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 66 countries, our more than 15,000 enterprising professionals work together to provide expert advice to occupants, owners and real estate investors. For more than 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 are maximizing real estate potential and accelerating the success of our clients. and our employees. Learn more about colliers.company.com, Twitter @Colliers or LinkedIn.