The Minneapolis office of Colliers Mortgage, part of Colliers International | U.S., recently closed a $4.5 million Fannie Mae loan for the acquisition financing of Cielo Vista, a 72-unit, market rate multifamily apartment property located in San Angelo, Texas.
The 10-year term, 30-year amortization loan was arranged through a partnership with Old Capital Lending for Cielo Vista 360, LLC. Constructed in 1968, amenities at the pet-friendly property include a swimming pool, barbecue pavilion with outdoor kitchen, fitness center, laundry center and off-leash bark park.
