Colliers Mortgage provides the agency with a loan for the acquisition of a residential complex near St. Paul in the amount of $ 6.6 million

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Mahtomedi Flats, consisting of 36 apartments, were completed in 2018.

MAKHTOMEDI, MIN. Colliers Mortgage provided a $ 6.6 million loan to Fannie Mae to acquire Mahtomedi Flats in Mahtomedi, a northeastern suburb of Saint Paul. The complex of 36 apartments, completed in 2018, includes a public room, fitness center, storage facilities and grills. The loan has a 12-year maturity and a 30-year maturity. The borrowers were 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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