MINNEAPOLIS, MN - Fritz Waldvogel of the Colliers Mortgage Dallas office closed a Fannie Mae loan for the acquisition financing of Cortland Southpark Terraces in Austin, Texas with his long-time client, SPI Advisory.
The market-rate multifamily property features 244 units, two pools, a clubhouse, and a 24/7 fitness center.
The loan carries a seven-year term and full-term interest-only.
About Colliers Mortgage (Agency Finance and Commercial Finance) - part of Colliers | U.S.
Colliers Mortgage is distinctively positioned to help meet our clients’ financing, funding and capitalization needs for the acquisition, refinance, construction, rehabilitation, equity bridge and permanent debt for a multitude of property types nationwide. Our professionals work collaboratively to analyze and uncover the best options available for each client’s unique needs, by offering access to federal agency loan programs, commercial finance solutions, and in identifying capital sources for capitalization requirements. We also service all loans we originate and are currently servicing more than $10.0 billion of loans.
About Colliers: Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $99 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.