MINNEAPOLIS, MN - Zach Shope of the Atlanta office of Colliers Mortgage closed a Fannie Mae loan for the acquisition of Trails Corner Apartments in Raleigh, North Carolina.
The 57-unit market rate multifamily property, built in 1990, features two-, three, and four-bedroom units with Wi-Fi, washer/dryer hook-ups, wood-look flooring, and plush carpeting. Community amenities include a clubhouse.
The loan carries a 10-year term and was arranged for a repeat client, WMI Trails Corner, LLC.
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