Updated Oct 1, 2026
FINANCEDMultiFamily
Jonathan Lee, Shahin Yazdi & Joe McNamee of Colliers Secure $69.3M Loan From Fannie Mae For Multifamily Development
2175 Sagebrush Road
$69,300,000
$276/SF
Building Size
250,860 SF
Asset Type
MultiFamily
Closing
Sep 1, 2026
About this deal
AI
The property asset involved in the transaction is located at 2175 Sagebrush Road in the Missoula market. It is categorized as a multifamily asset comprising 252 units and a total square footage of 250,860. The loan amount secured for this development is $69,300,000, which is structured as a permanent loan for construction take out.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $69,300,000
- Units: 252
- Square Footage: 250,860
- Lender: Fannie Mae
- Borrower: Patrick Boel, Michael Caldwell & Garrett Greene - Roundhouse
- Originators: Jonathan Lee, Shahin Yazdi & Joe McNamee - Colliers
- Date: 09/01/2026
The deal is represented by Jonathan Lee, Shahin Yazdi, and Joe McNamee from Colliers, who facilitated the loan agreement for the borrowers, Patrick Boel, Michael Caldwell, and Garrett Greene, associated with Roundhouse.
On the Map
$69,300,000
$276/SF
MultiFamily
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Players
Missoula MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93