The Minneapolis office of Colliers Mortgage recently closed a $6.6 million Fannie Mae loan for the acquisition financing of Mahtomedi Flats, a 36-unit market rate tenancy-in-common multifamily property in Mahtomedi, Minnesota.
The pet-friendly property was constructed in 2018 and is located in one three-story building with private entrances, off-street parking, community room, fitness center, grills, controlled access and extra storage.
The 12-year term/30-year amortization Fannie Mae loan was arranged for borrower, Victoria Properties Group, LLC; Wash N Fill Properties Minnesota, LLC; Wash N Fill Property Champlin, LLC; and Wash N Fill Property New Brighton, LLC.
