**Colliers Secures $71.4M Permanent Loan for Bozeman Luxury Apartments**
The Los Angeles-based Colliers Mortgage Structured Finance Group, led by Jonathan Lee and Shahin Yazdi, has successfully arranged a $71,422,000 permanent Fannie Mae loan for The Oxbow, a 268-unit luxury apartment community located in Bozeman, Montana.
This new financing retires the existing construction loan and delivers significant cash-out proceeds, which will serve as equity to fund the next phase of the development, known as Phase II.
The loan features a fixed interest rate of 5.34% and includes a full-term interest-only period, designed to optimize investor cash flow. With recent market volatility in mind, the sponsor chose to lock in the interest rate early in the process, securing favorable terms and minimizing exposure to further interest rate fluctuations.
“This transaction is a great example of how our team structures financing solutions that are both creative and highly functional for our clients,” said Jonathan 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.”
The Oxbow is part of Bozeman’s growing luxury multifamily market, known for its combination of upscale amenities and proximity to Montana’s scenic outdoors.
