Colliers Mortgage Closes $ 6.6 Million Loan for 36-Unit Residential Complex in Minnesota

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Minneapolis Office Colliers mortgage recently closed a $ 6.6 million loan to Fannie Mae to finance the acquisition of Mahtomedi Flats, a multi-family apartment building with a gross market value of 36 units in Mahtomedi, Minnesota.

The pet-friendly house was built in 2018 and is located in one three-story building with separate entrances, off-street parking, communal room, fitness center, grill, controlled access and additional storage space.

Fannie Mae 12-year / 30-year loan to borrower, Victoria Properties Group, LLC; Wash N Fill Properties Minnesota, LLC; Wash N Fill Property Champlin, LLC; and Wash N Fill Property New Brighton, LLC.

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