The privately owned mortgage banking firm projects a comparable December performance, largely on the strength of a vibrant multifamily investment market in the Southeast.
"We hope to emulate the business in December and in 2003," Collateral Senior vice president and chief underwriter Jeffrey M. Patton says in a prepared statement.
In the Birmingham deals, Collateral funded Homewood Gardens for $2.7 million; Forest Ridge I and II Apartments, $3.78 million; Ascot Place Apartments, $3.6 million; Meadow Wood Apartments, Pelham, AL, $1.58 million; and Woodbrook Apartments, $4 million.
The company also funded Aegis of Kirkland, a 50-unit, garden-style assisted living facility in Kirkland, WA for $6.5 million; and the Morningside Apartments in Jacksonville, FL for $2.4 million.
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