Colliers Arranges $71M Permanent Loan on Bozeman Luxury Apartments

Colliers Arranges $71M Permanent Loan on Bozeman Luxury Apartments
News| June 3, 2025| Paul Bubny
Chicago & Midwest + Apartment Buildings

The Los Angeles Colliers Mortgage Structured Finance Group, led by Jonathan Lee and Shahin Yazdi, arranged a $71,422,000 permanent Fannie Mae loan for The Oxbow, a 268-unit luxury apartment community in Bozeman, MT. The financing retires the existing construction loan and provides substantial cash-out proceeds that will serve as equity for the development of Phase II.

The deal features a fixed interest rate of 5.34% and was structured with a full-term interest-only period to maximize investor cash flow. Given recent market volatility, the sponsor elected to rate lock early in the process to secure favorable terms and mitigate interest rate risk.

“This transaction is a great example of how our team structures financing solutions that are both creative and highly functional for our clients,” said Lee. “We’re proud to have delivered an execution that allowed the borrower to both refinance their Phase I development and launch Phase II without delay.”

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