141
WILMINGTON, DEL. — Colliers International has arranged $18.3 million in financing for a two-property multifamily portfolio in Wilmington. The properties, Limestone Terrace and Mill Creek Apartments, offer a total of 292 residential units. The 12-year loan features a fixed term and a 30-year amortization schedule. The loan features an 80 percent loan-to-cost ratio and a rate of 4.64 percent. Kris Wood, John Banas, Dean Costalas and Alex Hails of Colliers negotiated the non-recourse loan.