Colliers Team Closes Fannie Mae Loan on Bellflower Multifamily
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.
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).