Colliers Mortgage Closes $9.8 Million Funding by Fannie Mae for 81-Unit Siena Villas Apartment Community in Orem, Utah
MINNEAPOLIS, MN — Rob Prouty of Colliers Mortgage Southwest has secured a $9.8 million Fannie Mae loan to refinance Siena Villas in Orem, Utah.
The 81-unit, market-rate multifamily was built in 2011 and features Tuscan architecture, covered and uncovered parking, in-unit washers and dryers, and on-site management.
The loan has a term of 10 years and was arranged for the borrower Siena Villas, LLC.
About Colliers Mortgage: Colliers Mortgage, part of Colliers | US, is a national full-service mortgage banking company, an FHA MAP and LEAN approved lender, and a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, specializing in accessing federal agency lending programs for the acquisition, refinancing, construction or rehabilitation for a multitude of types of property. Colliers Mortgage also holds Lender/Partner designation with the USDA under the Community Facilities Guaranteed Loan Program. Additionally, as an authorized Ginnie Mae salesperson/repairer, they provide lending services for their mortgages and currently service over $10.0 billion in loans.
About Colliers: Colliers (NASDAQ, TSX: CIGI) is a leading diversified investment management and professional services firm. With operations in 62 countries, our 17,000 enterprising professionals work together to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant internal ownership has generated 20% compound annual returns for shareholders. With annual revenues of $4.3 billion and more than $65 billion in assets under management, Colliers maximizes the potential of properties and real estate assets to accelerate the success of our clients, investors and associates. For more information, visit corporate.colliers.com, Twitter @Colliers or LinkedIn.