May 16, 2021

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Mortgage News

Colliers Mortgage Closes $19.9 Million in Fannie Mae Loan for The Ridge Apartment Community in Goodlettsville, Tennessee

MINNEAPOLIS, MN – The Colliers Mortgage Atlanta office, part of Colliers International | The United States recently completed a $ 19.9 million Fannie Mae loan to finance the acquisition of The Ridge in Goodlettsville, Tennessee.

The market-standard property with 191 residential units was built in 1996, 1997 and 2005 and renovated from 2019 to 2020. It consists of 27 two-story residential buildings and a one-story leasing office.

The 15 year 30 year Fannie Mae loan was arranged for the Ridge Apartments Nashville LLC borrower.

About Collier’s Mortgage: Colliers Mortgage, part of Colliers International, is a full-service, nationwide mortgage lender, FHA approved MAP and LEAN lender, and a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender specializing in access to federal agency lending programs for the US specializes in acquiring, refinancing, building or renovating a variety of property types. Colliers Mortgage is also designated a USDA Lender / Affiliate under the Community Facilities Guaranteed Loan Program. In addition, as Ginnie Mae’s approved seller / servicer, they provide loan services on their mortgages and are currently servicing more than $ 8.0 billion in loans.

About Colliers International Group Inc. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With offices in 67 countries, our more than 15,000 entrepreneurial professionals work together to offer real estate users, owners and investors expert advice. For more than 25 years, our seasoned executive with significant inside ownership has achieved an average annual return on investment of nearly 20% for shareholders. With $ 3.0 billion in annual revenue ($ 3.3 billion including affiliates) and $ 40 billion in assets under management, we are maximizing real estate and accelerating the success of our clients and our employees. Learn more at Corporate.Colliers.com, Twitter @Colliers or LinkedIn.