MINNEAPOLIS, MN - Tony Carlson from the Colliers Mortgage Minneapolis office secured an $8,888,000 Fannie Mae loan for the acquisition of The Groves of Brooklyn Park Apartment Homes in Brooklyn Park, Minnesota.
This 120-unit market-rate multifamily property includes amenities such as a fitness facility and a party room.
The non-recourse loan has a five-year term.
About Colliers Mortgage: Colliers Mortgage is uniquely positioned to address our clients' financing, funding, and capitalization needs across a variety of commercial property types nationwide. We offer services for acquisition, refinancing, construction, rehabilitation, equity bridge, and permanent debt. Our professionals collaborate to deliver tailored solutions, providing access to federal agency loan programs, commercial finance options and identifying capital sources for capitalization requirements. Additionally, we service most of the loans we originate and are currently servicing over $14.0 billion in loans.
About Colliers: Colliers is a leading diversified professional services and investment management company. With operations in 68 countries, our 22,000 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 more than $4.4 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.