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Colliers Arranges $232.7M in Acquisition Financing for 1,225-Unit Multifamily Portfolio in Maryland
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Colliers Arranges $232.7M in Acquisition Financing for 1,225-Unit Multifamily Portfolio in Maryland
SUITLAND and LARGO, MD. — Colliers has arranged 232.7 million in acquisition financing for a three-property multifamily portfolio located in Prince George County. 29th Street Capital and Willton purchased the property for an undisclosed price. Shahin Yazdi and Jonathan Lee of Colliers arranged the five-year, fixed-rate loan on behalf of the buyers. The full-term, interest-only loan features a 70 percent loan-to-purchase price. Loan proceeds reas…
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