The Colliers Structured Finance Group (SFG) recently finalized a $27,765,000 Fannie Mae loan for the refinancing of Edgeway, a 91-unit multifamily property located in Bellflower. The loan has been priced at 5.5% for five years and was arranged by Serrano Development Group through the expertise of Colliers SFG’s Jonathan Lee, Bill Hyatt, and Shahin Yazdi.
According to Lee, “By utilizing Colliers’ national platform and our DUS [Delegated Underwriting and Servicing] license effectively, we were able to secure competitive terms from Fannie Mae that met our client’s requirements.”
Colliers SFG successfully closed the Fannie Mae loan even before full occupancy was achieved at Edgeway. This luxury apartment community was built in 2023 and offers one-, two-, and three-bedroom units with spacious floor plans featuring quartz countertops , stainless steel appliances , in-unit washer/dryer facilities , private balconies , modern technology amenities as well as ample storage space .
