Colliers Mortgage completes Fannie Mae refinance loan for 142-unit Villa Gardens apartment community in Farmers Branch, Texas
MINNEAPOLIS, MN – The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently entered into a Fannie Mae loan to refinance Villa Gardens, a 142 unit multi-family property at market rate located in Farmers Branch, Texas.
The property was built in 1969 and renovated in 2018-2020 with the 142 units spread across 16 two-story apartment buildings.
The 10-year / 30-year amortization Fannie Mae loan was arranged through a partnership with Old Capital Lending for the borrower, 2730 Villa Gardens 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 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 firm. 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 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. Find out more at corporate.colliers.com, Twitter @Colliers or LinkedIn.