Colliers Mortgage closes $ 7.9 million refinance loan from Fannie Mae for 116-unit Marywood apartment community in Aurora, Ill.
MINNEAPOLIS, MN – The Oak Brook, Illinois office of Colliers Mortgage, part of Colliers International | US, recently completed a $ 7.9 million loan to Fannie Mae to refinance Marywood Apartments, a 116-unit multi-family property at market rates located in Aurora, Illinois.
Marywood Apartments, built 1967-1971, features ten garden-style buildings, on-site laundry facilities and a playground.
The 10 year term / amortization loan has been arranged for the borrower, Marywood Housing, 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. With operations in 67 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 nearly 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.