Brett Olson and Jeff Witt of the Colliers Mortgage Minneapolis office closed a $29.908 million Fannie Mae loan for the refinancing of Highline Apartments in Omaha, Nebraska.
The 306-unit market rate multifamily property consists of two buildings connected by a covered parking garage. Property amenities include rooftop decks, basketball courts, a business center, a fitness center, outdoor pool, and a clubhouse.
The loan carries a 10-year term and full-term interest only payments. The borrower utilized the Fannie Mae Streamlined Rate Lock program to lock rate early and take interest rate risk off the table in what has been an incredibly turbulent market. Additionally, the borrower worked with Colliers Mortgage to achieve a Green Certification and subsequently better pricing on their loan.
