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Colliers Secures Refinance Capital for Luxury Residential Community on Hilton Head Island

Hilton Head Island, S.C.– Together, Colliers’ Atlanta based Debt & Equity team and Colliers Mortgage, a delegated underwriting and servicing licensee for Fannie Mae, secured a refinancing loan for the Hilton Head Island, SC luxury residential community known as WaterWalk at Shelter Cove Towne Centre. 
Southeastern Real Estate Group, of Augusta, GA, the borrower, initially considered selling the property.  The Colliers’ Debt and Equity team, represented by Senior Vice Presidents Doug Alexander and Hagan Dick, with Vice President Zach Shope of Colliers Mortgage, presented the borrower with very competitive and appealing Fannie Mae loan terms. As a result, in July 2021, Southeastern Real Estate Group granted Colliers Atlanta Debt & Equity Team the exclusive authorization to pursue the Fannie Mae loan through Colliers Mortgage. 


“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 often produces results 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.”


WaterWalk at Shelter Cove is a luxury, residential community located in the center of Hilton Head Island overlooking Broad Creek and the Harbor River. Sweeping-waterfront views, maintenance-free living and resort-style amenities encapsulate the lifestyle of WaterWalk at Shelter Cove. There are 240 large residential units scattered throughout the community averaging 1,548 square-feet in one, two and three bedroom layouts. Walkability is a key feature of WaterWalk at Shelter Cove as the community is within walking distance of abundant shopping, dining and entertainment including a Whole Foods Market and Kroger. Shelter Cove Community Park is a five-acre park that sits adjacent to WaterWalk and is used year-round for festivals, concerts and community events.  

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Doug Alexander

Senior Vice President, Principal


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

Senior Vice President, Principal


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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