MINNEAPOLIS, MN - Brett Olson and Jeff Witt of the Colliers Mortgage Minneapolis office closed a $29,908,000 Fannie Mae loan for the refinancing of Highline Apartments in Omaha, Nebraska.
The 306-unit market rate multifamily property consists of two buildings connected by a covered parking garage. Property amenities include rooftop decks, basketball courts, a business center, a fitness center, outdoor pool, and a clubhouse.
The loan carries a 10-year term and full-term interest only payments. The borrower utilized the Fannie Mae Streamlined Rate Lock program to lock rate early and take interest rate risk off the table in what has been an incredibly turbulent market. Additionally, the borrower worked with Colliers Mortgage to achieve a Green Certification and subsequently better pricing on their loan.
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.