Colliers Mortgage closes $ 20.8 million Fannie Mae refinance loan for Rana Village 113-unit apartment community in Minneapolis
MINNEAPOLIS, MN – The Minneapolis office of Colliers Mortgage, part of Colliers International | The United States recently entered into a $ 20.8 million Fannie Mae loan to refinance Rana Village, a 113-unit market-rate multi-family property located in Minneapolis, Minnesota.
The property was built in 2019 and the 113 units are located in a six-story building. Amenities at the property include a playground, covered parking, community rooms, fitness center, business center, secure entrance, and laundromat.
Fannie Mae 10 Year / 30 Year Amortization Loan completed for borrower, Rana Village, LLC
About Colliers Mortgage: Colliers Mortgage, part of Colliers International, is a full-service national mortgage banking company, FHA MAP and LEAN approved lender and Sub-Underwriting and Servicing (DUSÂ®) lender of Fannie Mae specializing in access to federal agency loan programs for acquisition, refinancing, construction or rehabilitation for a multitude of property types. Colliers Mortgage also holds the Lender / Partner designation with the USDA under the Secured Loans for Community Facilities program. Additionally, as a Ginnie Mae Approved Seller / Manager, they provide lending services for their mortgages and currently insure over $ 10.0 billion in loans.
About Colliers International Group Inc. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management firm. With operations in 67 countries, our more than 15,000 enterprising professionals work together to provide expert advice to occupants, owners and real estate investors. For over 25 years, our experienced leadership with significant insider ownership has generated annual compound investment returns of nearly 20% for shareholders. With annualized revenues of $ 3.0 billion ($ 3.3 billion including affiliates) and $ 40 billion in assets under management, we are maximizing the potential of real estate and accelerating the success of our clients and of our employees. Find out more at corporate.colliers.com, Twitter @Colliers or LinkedIn.