A $13,361,000 Fannie Mae loan has been secured by Colliers Mortgage's Phoenix team, led by Luke Donahue, for the refinancing of Arcadia Pointe Apartments in Las Vegas. The loan, arranged for CALCAP Real Estate Advisors, is a 10-year fixed-rate, full-term interest-only non-recourse loan. The refinance facilitated a cash-out option, enabling the borrower to recover all investor equity after repositioning the property.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $13,361,000
• Lender: Colliers Mortgage - Luke Donahue
• Landlord: CALCAP Real Estate Advisors - Edward Aloe
• Loan Type: Refinance
• Loan Terms: fixed rate 10-year full-term interest only non-recourse loan

The deal was made possible through the efforts of Luke Donahue from Colliers Mortgage and Edward Aloe from CALCAP Real Estate Advisors. The loan was structured to enable the borrower to recover their investor equity after repositioning Arcadia Pointe Apartments in Las Vegas.