The Minneapolis office of Colliers Mortgage recently closed a Fannie Mae loan for the acquisition financing of Henley, a 74-unit market-rate multifamily apartment property in Richfield, Minnesota.
The property was constructed in 2020 and consists of a four-story building and a two-story building. Amenities include heated off-street parking, fitness center with virtual training, co-working lounge with soundproof office phone booth, common area Wi-Fi, interior bike storage room and repair station, electric car charging stations, Amazon HUB package delivery system, and on-site laundry and dry cleaning service provided by Laundry Doctor.
The Fannie Mae loan has a 12-year term and 30-year amortization schedule and was arranged for an undisclosed borrower.
