MINNEAPOLIS, MN - Corley Audorff, Troon Dowds and Josh Williams of Colliers Mortgage arranged a $38 million loan for the refinance of a 159-unit seniors housing community in Bryan, Texas to include independent living, assisted living and memory care units. T
he community is part of a larger 1,000 acre-master planned community, adjacent to a golf and country club, and near a bustling biotechnology corridor. The community has close ties with Texas A&M University, located only a few miles away.
The loan carries a three-year term on an interest only basis for the first two years and was arranged for an undisclosed borrower.
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 of loans.
About Colliers: Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 63 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.5 billion and $81 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, Twitter @Colliers or LinkedIn.