**Colliers Closes $128M Fannie Mae Financing for South Bay Multifamily Portfolio**
Colliers Mortgage has successfully arranged seven Fannie Mae permanent loans totaling $128,408,000 to refinance a 625-unit multifamily portfolio located in the South Bay region of Los Angeles. The portfolio, owned by The Ginsburg Group, comprises seven stabilized apartment communities across Hermosa Beach, Redondo Beach, Torrance, and Lomita.
The financing package includes five-year terms with full-term interest-only payments, along with strategically executed rate buydowns. These elements were designed to enhance the loan proceeds and lower borrowing costs, allowing the borrower to maximize cash-out proceeds, manage maturing debt obligations, and secure favorable agency terms in a challenging and dynamic capital markets environment.
Despite navigating a volatile interest rate climate—marked by approximately 40 basis points of fluctuation in U.S. Treasury yields and investor spreads—Colliers was able to close all seven loans within just 36 calendar days from the signing of applications.
“We’re honored to have been entrusted with this time-sensitive refinance and to showcase our platform’s ability to execute swiftly and strategically under market pressure,” said Izzat Ansari, head of agency screening at Colliers.
The transaction underscores both the resilience of the multifamily sector in the South Bay region and the adaptability of financing strategies in today’s market conditions.
