Colliers Secures $69M Refinance for Missoula Multifamily Property
Colliers’ Debt & Structured Finance has arranged $69.3 million to refinance Snowfarm Apartments, a 252-unit multifamily Property located in Missoula, Montana.
The financing was placed through Fannie Mae and marks the first-ever transaction executed utilizing Fannie Mae’s Streamlined Treasury Lock Program. The loan was structured as interest-only with a seven-year term, at a fixed rate of 5.4%. Jonathan Lee and Shahin Yazdi, Executive Managing Directors at Colliers, arranged the financing on behalf of the borrower, Roundhouse.
Snowfarm is a newly constructed apartment community situated minutes from downtown Missoula, offering studio, one-, two-, and three-bedroom layouts with upscale finishes. The property is located less than one mile from the city’s primary retail hub and is a 10-minute drive from downtown Missoula and the University of Montana. Snowfarm was designed with architecture by Minarik Architecture and landscape design by WGM Group.
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Equus Capital Partners Acquires 226-Unit Multifamily Community in Geneva
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Greenstone Partners Arranges Sale of Mixed-Use Wicker Park Building
Greenstone Partners announced the sale of 1560 N. Damen Avenue, a three-story, 4,650-square-foot mixed-use property located at the heart of Wicker Park. The property sold for $3.18 million, within approximately 3% of the asking price. The property features ground-floor retail occupied by Stan’s Donuts & Coffee, a regional bakery brand that has operated at the...
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout