Colliers Mortgage completes $ 6.6 million financing for Fannie Mae’s acquisition of Mahtomedi Flats apartment building in Mahtomedi, Minnesota
MINNEAPOLIS, MN – The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently entered into a $ 6.6 million Fannie Mae loan to finance the acquisition of Mahtomedi Flats, a 36-unit lease at market rate in a common multi-family property located in Mahtomedi, Minnesota.
The pet friendly property was built in 2018 and is located in a three story building with private entrances, off street parking, community hall, fitness center, barbecues, controlled access and additional storage space.
The 12-year / 30-year amortization Fannie Mae loan has been arranged for the borrowers, Victoria Properties Group, LLC; Wash N Fill Minnesota Properties, LLC; Wash N Fill property Champlin, LLC; and Wash N Fill Property New Brighton, 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. Find out more at corporate.colliers.com, Twitter @Colliers or LinkedIn.