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Colliers Atlanta Debt & Equity and Colliers Mortgage Close Multi-family and Commercial Transaction in Macon

By Colliers Atlanta

Fannie Mae license increases leverage for Colliers’ clients

Macon, GA – Together, Colliers’ Atlanta-based Debt & Equity team and Colliers Mortgage secured a refinancing loan for the Lofts at Capricorn, which is a multifamily community and ancillary commercial space located in Macon, Georgia. 

Colliers Senior Vice Presidents Doug Alexander and Hagan Dick represented the borrowers, Sierra Development and Argus Eyed Partners of Macon, and worked with Zach Shope of Colliers Mortgage, a delegated underwriting and servicing licensee for Fannie Mae. After Shope and his team presented very competitive loan terms, the borrowers granted Colliers Atlanta’s Debt & Equity team and Colliers Mortgage the exclusive authorization to place the debt with Fannie Mae. 

“Capital is plentiful in today’s market and often results in record sales prices. As lucrative as this may sound, these proceeds can be challenging to reinvest,” said Dick. “While working in this low interest rate environment, our team has found that partnering with Colliers Mortgage on behalf of Fannie Mae produces results that are often more attractive than an outright sale.” 
Alexander added, “The fact that Colliers now holds a Fannie Mae license was significant to this transaction and will undoubtedly benefit Colliers’ clients going forward.”

Lofts at Capricorn is a residential community with ancillary commercial space surrounding the former Capricorn recording studio, now named Mercer Music at Capricorn, an extension of Mercer University’s School of Music. Popular artists including the Allman Brothers Band, Marshall Tucker Band and Wet Willie launched their careers in the Capricorn recording studio. The Lofts at Capricorn consists of 140 one and two-bedroom residential units in additional to 10,000 square feet of fully-leased ground floor commercial space within the four, four-story buildings. The property is located in Macon’s CBD just minutes away from Mercer University and a variety of options for shopping, dining and entertainment.
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Doug Alexander | Colliers | Atlanta

Doug Alexander

Senior Vice President, Principal

Atlanta

+1 404 877 9252
+1 404 374 9209
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Doug specializes in mortgage banking/brokerage with an emphasis on debt and equity placement.  His primary funding sources are insurance companies, credit unions, commercial banks and securitized “conduit” lenders.  Multi-family assignments are most often arranged by Mr. Alexander through Fannie Mae, Freddie Mac, and FHA/HUD.

Doug has an active Georgia real estate license.

Doug joined Colliers in Atlanta in 1994 as a member of its Debt & Equity Group and is a former member of the firm’s Board of Directors. 

 

From 1985 to 1994, Doug was a Vice President with First Fidelity Mortgage Corporation of Atlanta.  While with this commercial real estate financial services company, Doug played an instrumental role in establishing new correspondent lender relationships for the firm.  His experience included a range of income-producing properties, with a particular emphasis on retail and single-tenant, credit-oriented transactions.

 

Doug began his real estate career in 1979 with Gordon H. Kolb Developments, Inc. of New Orleans.  In his capacity as Vice President of this neighborhood shopping center development, leasing and management firm, he actively participated in all aspects of the development process.

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Hagan Dick | Colliers | Atlanta

Hagan Dick

Senior Vice President, Principal

Atlanta

+1 404 877 9297
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Hagan joined Colliers in January 2017 and is a Senior Vice President/Principal in our Atlanta office. He leads our Atlanta Debt & Equity team and is responsible for procuring debt and equity for his clients’ commercial real estate investments.

After graduating from Washington & Lee in 2006, Hagan moved to Washington, DC and began his career with Cambridge Associates where he monitored the investment performance of assets in excess of $5 billion for approximately 25 public endowments. In 2007, he joined Walker & Dunlop’s Capital Markets Group in Bethesda, Maryland. In 2012, after securing his Masters in Real Estate at Johns Hopkins University, Hagan moved from Washington, DC to Atlanta to lead Walker & Dunlop’s Capital Markets Group’s efforts in that region. In his approximately 15 years at Walker & Dunlop and Colliers, Hagan has been involved in the origination and funding of more than 150 commercial real estate transactions exceeding more than $1.5 billion in volume.

Hagan specializes in commercial mortgage loan origination with an emphasis on debt and equity placement. His primary funding sources are insurance companies, commercial banks, debt funds, credit unions, private equity and CMBS lenders. Multifamily assignments are often arranged with Fannie Mae, Freddie Mac and FHA/HUD.

Representative transactions include properties within all phases of the real estate cycle from ground-up development and redevelopment projects as well as lease-up and fully stabilized properties across all major property types.

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