Colliers Mortgage Minneapolis office completes $6.8 million Fannie Mae refinance loan for Stadium Oaks apartments in San Angelo, TX

MINNEAPOLIS, MN – The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently completed a Fannie Mae loan to refinance Stadium Oaks Apartments, a 120-unit multifamily building in San Angelo, Texas.

The pet-friendly property is a short drive from Angelo State University and Good Fellow Air Force Base and features renovated laundry facilities, mature landscaping and trees, swimming pool, and pergola with a barbecue area.

The loan has a 10-year term and 30-year amortization and was arranged through a partnership with Old Capital Lending for Stadium Oaks, LLC.

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.com, Twitter @Colliers or LinkedIn.

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