MINNEAPOLIS, MN – Colliers Mortgage, a subsidiary of Colliers International | US, recently closed a $1.2 million Fannie Mae loan to refinance Southpointe Apartments, a 60-unit multi-family affordable housing property in Jackson, Mississippi.
The property was built in 1960 and consists of three two-story buildings, as well as a clubhouse, playground, community rooms and laundry room.
The loan has a 10 year term and 30 year amortization and was arranged for Kinkead of Jackson II, LP
About Colliers Mortgage: Colliers Mortgage, part of Colliers International, is a national full-service mortgage banking company, an FHA MAP and LEAN approved lender and a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, specializing in in access to federal agencies loan programs for the acquisition, refinancing, construction or rehabilitation of a multitude of types of property. Colliers Mortgage also holds Lender/Partner designation with the USDA under the Community Facilities Guaranteed Loan Program. Additionally, as an authorized Ginnie Mae salesperson/repairer, they provide lending services for their mortgages and currently service over $10.0 billion in loans.
About Colliers International Group Inc. Colliers (NASDAQ, TSX: CIGI) is a leading diversified investment management and professional services firm. With operations in 62 countries, our 17,000 enterprising professionals work together to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant internal ownership has generated 20% compound annual returns for shareholders. With annual revenues of $4.1 billion and more than $50 billion in assets under management, Colliers maximizes the potential of properties and real estate assets to accelerate the success of our clients, investors and associates. For more information, visit corporate.colliers.com, Twitter @Colliers or LinkedIn.