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TennesseeFinanceMultifamily

Colliers Mortgage provides $5.2 million in acquisition financing for Tennessee apartment development

October 5, 2022
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Zach Shope of the Atlanta office of Colliers Mortgage closed a $5.2 million Fannie Mae loan for a repeat client for the acquisition financing of Forest Park Apartments in Springfield, Tennessee.

The 80-unit market-rate multifamily apartment property was constructed in 1978 and includes six two-story apartment buildings.

The 10-year term loan was for borrower, Forest Park TN LLC.

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