MINNEAPOLIS, MN - The Colliers Mortgage team of Corley Audorff, Josh Williams, Nick Skarich and Kevin McMahon closed a $37.7 million loan for the construction of Oswego Village Senior Living in Oswego, Illinois, approximately 45 miles southwest of Chicago’s central business district.
Construction of the property is expected to take 18 months, comprising 143 total units, with 47 independent living townhomes, 66 assisted living units, and 30 memory care units.
Colliers Insurance provided the Builders Risk and Owners Interest Liability Insurance.
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 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 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 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.