Loans

AUSTIN, TEXAS — Colliers Mortgage has provided a $49 million Fannie Mae loan for the refinancing of Ascent North, a 460-unit apartment community in North Austin. The newly renovated property offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, individual washers and dryers and private balconies/patios. Amenities include two pools, a fitness center, business center, media lounge, outdoor grilling and dining stations, resident clubhouse and a dog park. Fritz Waldvogel of Colliers Mortgage originated the 60-month loan on behalf of the borrower, Dallas-based SPI Advisory.

HOUSTON — Northwind Group, a Manhattan-based private equity firm and debt fund manager, has provided $111 million in financing for The Hawthorne, a 17-story multifamily building in Houston’s Tanglewood area. The borrower, a joint venture between Houston-based Pelican Builders and private developer Ember Group, will use the proceeds to complete construction and fund costs of selling the remaining units. The building, which will officially open in March, houses 67 residences and amenities such as a pool, fitness center, grilling stations, game room, catering kitchen, coffee bar and a dog run. Residents also have access to 24-hour concierge services, as well as dry cleaning, pet walking and floral care. John Fenoglio of CBRE arranged the loan. Construction began in September 2021, and more than half of the residences have already been sold.