A 222-unit Chelsea apartment complex has received $59 million in permanent financing from an affiliate of New York-based Arbor Realty Trust Inc.

The 6-story One North of Boston II complex at 150 Heard St. was developed by Boston-based Redgate and TransDel, with the first units occupied in 2016.

Colliers Boston represented Redgate and TransDel in sourcing the 10-year, fixed-rate Fannie Mae delegated underwriting and servicing large loan.

The Colliers capital markets team was led by executive vice president and national debt and equity platform leader Jeff Black, Colliers Boston Co-Chairman Kevin Phelan and Assistant Vice Presidents Sean Burke and Bryan Koop.

“Our team, along with our partners at Arbor and Fannie Mae, did an exceptional job executing this transaction amidst the uncertainty of a rapidly unfolding Black Swan event,” Black said in a statement.

The stabilized property spans 182,581 rentable square feet and contains two studios, 161 one-bedroom units, 44 two-bedrooms and 15 three-bedroom units.