Fritz Waldvogel of Colliers Mortgage’s Minneapolis office closed a Fannie Mae loan for a repeat client for the acquisition financing of Prose Horizon in Hutto, Texas. The 336-unit market rate property was constructed in 2022 and includes 13 three-story buildings, a leasing office, pool, fully equipped fitness center, resident clubhouse, grill area, mail room, playground, and dog park.

The loan carries a 10-year term and was arranged for borrower, SPI Skyview North 336 DE, LLC.