The Colliers Mortgage Minneapolis team of Brett Olson and Matt Halberg closed a $4.9 million Fannie Mae loan for the acquisition financing of Riverwood Apartments in Pleasant Hill, Iowa.
The 69-unit market rate multifamily property features one-, two-, and three-bedroom options, in-unit washer and dryer, private patios/balconies, gated/controlled access, and detached garages.
The loan was arranged for a repeat client and carries a 10-year term with full-term interest only.
