Colliers Mortgage arranged seven Fannie Mae permanent loans totaling $128,408,000 to refinance a 625-unit multifamily portfolio located in the South Bay region of Los Angeles. The portfolio, owned by The Ginsburg Group, includes seven stabilized apartment communities across Hermosa Beach, Redondo Beach, Torrance and Lomita.
The financing package features five-year terms with full-term interest-only payments and strategically executed rate buydowns to enhance loan proceeds and reduce borrowing costs. It enabled the borrower to maximize cash-out proceeds, address maturing debt obligations and lock in favorable agency terms in a complex and shifting capital markets environment.
Despite navigating a volatile rate environment with approximately 40 basis points of fluctuation in U.S. Treasuries and investor spreads, the Colliers team closed all seven loans within 36 calendar days of receiving signed applications.
“We’re honored to have been entrusted with this time-sensitive refinance and to showcase our platform’s ability to execute swiftly and strategically under market pressure,” said Izzat Ansari, head of agency screening at Colliers.
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