The Minneapolis office of Colliers Mortgage, part of Colliers International | U.S., recently closed a Fannie Mae loan for the refinancing of The Coventry Apartments in Denton, Texas. The 240-unit market rate property was constructed in 2002 and includes 13 three-story buildings, covered parking, fenced in dog park, on-site maintenance, volleyball court, swimming pool, limited gate access, business center, valet trash service, coffee and tea bar, detached garages and detached storage units.
The loan carries a 10-year term and 30-year amortization and was arranged for SPI Coventry 240 DE, LLC.
