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Chicago & Midwest  + Midwest  + Finance  | 

Colliers Arranges $71M Permanent Loan on Bozeman Luxury Apartments

The Los Angeles Colliers Mortgage Structured Finance Group, led by Jonathan Lee and Shahin Yazdi, arranged a $71,422,000 permanent Fannie Mae loan for The Oxbow, a 268-unit luxury apartment community in Bozeman, MT. The financing retires the existing construction loan and provides substantial cash-out proceeds that will serve as equity for the development of Phase II.

The deal features a fixed interest rate of 5.34% and was structured with a full-term interest-only period to maximize investor cash flow. Given recent market volatility, the sponsor elected to rate lock early in the process to secure favorable terms and mitigate interest rate risk.

“This transaction is a great example of how our team structures financing solutions that are both creative and highly functional for our clients,” said 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.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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