Colliers Mortgage Minneapolis office closes Fannie Mae acquisition financing for 224 The Retreat apartments in Temple, TX
MINNEAPOLIS, MN – The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently concluded a Fannie Mae loan to finance the acquisition of The Retreat Apartments located in Temple, Texas.
The 224-unit, market-priced, multi-family apartment property features 20 two-story garden-style buildings, a rental office, swimming pool, laundry facilities, fitness center, picnic and barbecue area, pet waste stations and a rental clubhouse.
The loan has a term of 10 years and an amortization of 30 years and was concluded within the framework of a partnership with Old Capital Lending.
About Colliers Mortgage: Colliers Mortgage, part of Colliers International, 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 in access to federal agencies loan programs for the acquisition, refinancing, construction or rehabilitation of 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 International Group Inc. Colliers (NASDAQ, TSX: CIGI) is a leading diversified investment management and professional services firm. With operations in 65 countries, our more than 15,000 enterprising professionals work together to provide expert advice to occupiers, owners and property investors. For more than 26 years, our experienced leadership with significant insider ownership has generated compound annual returns of nearly 20% for shareholders. With annualized revenues of $3.6 billion ($4.0 billion including affiliates) and $46 billion in assets under management, we are maximizing real estate potential and accelerating the success of our customers and our staff. Learn more about company.colliers.comTwitter @Colliers or LinkedIn.