MINNEAPOLIS, MN - Bill Mattice and Phillip Cox of the Greenville office of Colliers Mortgage closed a $8.9 million HUD 223(f) loan for the refinance of Northside Townhomes in Spartanburg, South Carolina.
The 47-unit market-rate multifamily property features three-bedroom townhome units. Project amenities include attached garages in select units and off-street parking with convenient access to the Hub City Farmers Market.
Unit amenities include central air-conditioning and heating, in unit washer/dryer, oversized closets, high ceilings, updated stainless steel energy efficient appliances, hardwood floors, and unfinished basements in select units.
The loan carries a 35-year term/amortization and was arranged for the borrower, Spartanburg RE Investments, LLC.
About Colliers Mortgage: 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 commercial property types nationwide. Our professionals work collaboratively to provide solutions that best fit each client’s unique needs, offering access to federal agency loan programs, commercial finance solutions, and identifying capital sources for capitalization requirements. We also service all loans we originate and are currently servicing more than $14.0 billion of loans.
About Colliers: Colliers is a leading diversified professional services and investment management company. With operations in 68 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 $96 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.