MINNEAPOLIS, MN - Randy Engel from the Colliers Mortgage Memphis office partnered with a repeat client to secure a $9,545,000 Fannie Mae loan for the acquisition of Oak Grove Flats, a 163-unit multifamily housing property in Memphis, Tennessee.
The garden style property is located in East Memphis and offers convenient access to nearby shopping and dining.
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 $16.0 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.