MINNEAPOLIS, MN - Fritz Waldvogel of Colliers Mortgage’s Minneapolis office closed a Fannie Mae loan for a new client for the acquisition financing of Azalea Court Residential Park in Tyler, Texas.
The 28-unit market rate townhouse style property was constructed in 1983 and includes 14 one-story townhouse style buildings. Units feature washer/dryer hookup, air conditioning, heating, ceiling fans, fireplace, dishwasher, granite countertops, kitchen range and landscaped yards.
The loan, arranged through a partnership with Old Capital Lending, carries a 10-year term and was arranged for borrower, AzaleaCourt, LLC.
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.