MINNEAPOLIS, MN - Fritz Waldvogel of the Dallas office of Colliers Mortgage closed a $49,000,000 Fannie Mae loan for the refinance of Ascent North Apartments in Austin, Texas.
The 460-unit market-rate multifamily property is located in the most desirable area of North Austin near Tech Ridge, with convenient access to shopping, top work locations and beautiful parks. The Property offers newly renovated 1-, 2- and 3-bedroom homes with stainless steel and energy-efficient appliances.
The loan carries a 60-month term and was arranged for a repeat client, SPI Ascent North 460, LLC.
About Colliers Mortgage (Agency Finance and Commercial Finance): 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 in loans.
About Colliers: Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.3 billion and $98 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, X @Colliers or LinkedIn.