MINNEAPOLIS, MN - The Minneapolis office of Colliers Mortgage closed an $18.7 million HUD 213 loan for the new construction financing of Village Cooperative of Chatfield in Littleton, Colorado. The 55-unit age-restricted cooperative is the 20th Village Cooperative for which Colliers Mortgage (and previously Dougherty Mortgage) has provided the new construction financing under Section 213.
Village Cooperative of Chatfield will bring a new home ownership option to active adults (62+) in Littleton, a perennial “10 Best Places to Live” award-winning city. The homes will range in size from approximately 890 sq. ft. to over 1,700 sq. ft. on one level within a three-story building built over secure parking. The standard features of the Village Cooperative of Chatfield will include a community area with full kitchen, club room, fitness room, reading areas, shop/hobby room, guest suite, garden plots, underground heated parking—all within a fully secure building. The homes are equipped with all the appliances, including a private washer and dryer, plus in-home storage, walk-in closets and individually controlled HVAC systems to assure your comfort all year round.
The loan carries a 40-year term/amortization and was arranged for Village Cooperative of Chatfield.
About Colliers Mortgage: Colliers Mortgage, part of Colliers | U.S., is a full-service, nationwide mortgage banking firm, approved FHA MAP and LEAN lender and a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, specializing in providing access to federal agency loan programs for the acquisition, refinance, construction or rehabilitation for a multitude of property types. Colliers Mortgage also holds designation as a lender/partner with the USDA under the Community Facilities Guaranteed Loan Program. Additionally, as an approved Ginnie Mae seller/servicer, they provide loan servicing for their mortgages and currently service in excess of $10.0 billion of loans.
About Colliers: Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and more than $65 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.