The Colliers Structured Finance Group (SFG) has closed a $27,765,000 Fannie Mae loan for the refinancing of Edgeway, a 91-unit multifamily property in Bellflower. The loan is priced at 5.5% for five years and was arranged for Serrano Development Group by Colliers SFG’s Jonathan Lee, Bill Hyatt, and Shahin Yazdi.
“Leveraging the Colliers’ national platform to the fullest, in particular our DUS [Delegated Underwriting and Servicing] license, we were able to work out competitive terms through Fannie Mae that met our client’s needs,” said Lee.
Colliers SFG closed the Fannie Mae loan prior to property stabilization. Built in 2023, the Edgeway luxury apartment community offers one-, two-, and three-bedroom units with open floor plans and features quartz countertops, stainless steel appliances, in-unit washer and dryer, private balconies, modern technology features and ample storage.
