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Arbor Hill
PINEVILLE, LA. - Mount Pleasant, S.C.-based Humanities Foundation has broken ground on the $6.6 million, 56-unit Arbor Hill, an affordable seniors housing development located on Shamrock Drive in Pineville. Bank of America, Alliant Capital and the City of Pineville provided financing for the project. Pinkerton & Laws is the general contractor for the development, Miller & Martin is the architect and Monceaux Buller & Associates is the civil engineer. Completion is slated for December 2012. |
The Grove of Peoria
John Marr
Senior Vice President
Alliant Capital LLC Completes Refinance of Peoria, Illinois Community - Strong occupancy in tough market improves transaction process
Stamford, Conn. – May 28, 2009 — Alliant Capital LLC, a leading debt and equity financier and Fannie Mae DUS® lender for the multifamily industry, today announces an $8.7 million refinance of The Grove of Peoria, a 318-unit garden style apartment community in Peoria, Ill. The DUS refinance includes a 5.39 percent interest rate, five-year term with four and a half year yield maintenance and a 75 percent loan to value ratio.
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Bella Vista Townhomes
Jay Blasberg
Sr. Vice President
Alliant Capital Closes $5.95 Million Apartment Loan Tucson, Arizona
November 17, 2008 - Alliant Capital closed a $5,950,000 loan for the value added purchase of Bella Vista Townhomes a 176-unit community built in 1972. Alliant's loan has a 10-year term with a 30-year amortization. "Our borrower is going to substantially renovate this asset," said Alliant's Senior Vice President Jay Blasberg. "We've been providing value added debt for the Felger Group of Companies for over 15 years," Blasberg added. Alliant Capital is the nation's most progressive, direct apartment lender servicing a multi-billion dollar portfolio originated by the company. |
Chelan, Evergreen Estates and Willamette View
Jeff Stuart
Sr. Vice President
Alliant Capital Closes Over $9.8 Million Apartment Portfolio
Olympia, Washington - October 31, 2008 - Alliant Capital LLC is pleased to announce the funding of three multifamily properties for one borrower, Chelan Apartments (Tualatin, OR), Evergreen Estates (Woodburn, OR), and Willamette View (Salem, OR) totaling $9,818,100. Chelan Apartments is a 120-unit apartment community built in 1977. Evergreen Estates has 65 units and was built in 1973. Willamette View has 100 units and was built in 1972. All three deals have 11-year terms with first five years being interest only. Alliant Capital LLC maintains seven offices nationwide. Since 1990, the bankers of Allianthave provided over $6.0 billion in first mortgage debt nationwide. Alliant services more than $3 billion in real estate mortgage loans.
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Jeff Stuart
Sr. Vice President
Alliant Capital Closes $5.44 Million Apartment Loan
Olympia, WA - November 10, 2008 - Alliant Capital LLC recently provided $5,440,000 in financing for the Eagle Pointe Apartments, a 141-unit garden type apartment community built in 1997, located in Spokane Valley, WA. The property is comprised of 8, three-story residential buildings. Eagle Pointe is financed under Alliant's Fixed + One loan and it has an 11-year term with 30-year amortization. Alliant Capital LLC maintains seven offices nationwide. Since 1990, the bankers of Alliant have provided over $6.0 billion in first mortgage debt nationwide. Alliant services more than $3 billion in real estate mortgage loans.
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Jay Blasberg
Sr. Vice President
Alliant Capital Closes $3.5 Million Apartment Loan Aurora, CO November 13, 2008
Alliant Capital closed a $3,500,000 loan for the purchase of Fairview Apartments. The 100-unit garden-style community was built in 1974 and is comprised of nine, three-story apartment and townhome buildings. Alliant's loan has a 10-year term with 9 years of yield maintenance and a 30-year amortization. The rate is fixed for the first 9 years and then adjustable in the final year. Alliant's Tucson, Arizona office handled this transaction. Alliant Capital is the nation's most progressive, direct apartment lender servicing a multi-billion dollar portfolio originated by the company. |
Goldfinch Meadows
Aaron Abelson
Sr. Vice President
Alliant Capital LLC Chicago completes refinance in touch Cedar Rapids, Iowa economy - Property location in submarket aids in securing refinance
CHICAGO – June 16, 2009 — Alliant Capital LLC, a leading debt and equity financier and Fannie Mae DUS® lender for the multifamily industry, today announces the $10.9 million refinance of Goldfinch Meadows, a 328-unit, phased community in Cedar Rapids, Iowa, for a private investor. Alliant Capital refinanced the existing bank loan with a new 10-year fixed rate term at an interest rate of 5.66 percent on a non-recourse basis.
“The Cedar Rapids economy has been hit hard by the recession and is likely to underperform through 2010,” said Aaron Abelson, senior vice president of the Alliant Capital Chicago office. “However, despite the city’s poor outlook, the submarket is performing extremely well with apartment occupancy rates ranging from 94 to 99 percent. Because the submarket is maintaining a strong occupancy and experiencing stable or modest rent increases, we were able to secure a low rate for this repeat client’s refinance.”
As a two-phase property, construction on Goldfinch Meadows was started in 2004 and the second phase in 2006. The community offers 328 one- and two- bedroom units throughout 39, two-story buildings. Located in the southwest portion of Cedar Rapids, the neighboring area consists mostly of residential, industrial and agricultural. |
Houston, Texas - October 31, 2008 - Alliant Capital closed a $2,600,000 loan for the refinance of Las Brisas Apartments. The 68-unit garden-style community was built in 1963 and is comprised of five two-story residential buildings. Alliant's loan has an 8-year term with 7 years of yield maintenance and a 30-year amortization. The rate is fixed for the first 7 years and then adjustable in the final year. Alliant's Tucson, Arizona office handled this transaction. Alliant Capital is the nation's most progressive, direct apartment lender servicing a multi-billion dollar portfolio originated by the company.
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Stamford, CT - November 25, 2008 - Alliant Capital LLC closed a $6,375,000 loan for the purchase of the Lebanon Station Apartments located in Columbus, OH. The property is a 387-unit Garden style apartment community built in 1973 & 1984 and comprised of 20, two-story apartment buildings; three, three-story apartment buildings and nine, two-story townhome buildings. Alliant's loan has a 7-year term with 30-year amortization. John Marr, Senior Vice President of Alliant Capital LLC, handled the transaction for Alliant Capital.
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Mountain Meadows
Jay Blasberg
Senior Vice President
Alliant Capital LLC finalizes acquisition of manufactured housing community through dedicated client services - Transaction closed after long five month process
TUCSON, Arizona – May 19, 2009 — Alliant Capital, LLC, a leading debt and equity financier for the multifamily industry, today announces a $7 million acquisition of Mountain Meadows, a 186-unit manufactured housing community in Enumclaw, Wash. The deal, closed on behalf of The Desimone Family Irrevocable Trust, includes a 10-year term with three years interest-only, yield maintenance of nine and a half years and a 30-year amortization. This transaction posed several challenges to our origination team due to the complicated financing structure,” said Jay Blasberg, senior vice president of the Alliant Capital Tucson office. “However, our team was dedicated to successfully deliver on our commitment to the client, the seller and Fannie Mae. Through extensive negotiations and the use of multiple financing vehicles, we were able to facilitate an acceptable closing scenario for all the parties involved.” The initial purchase agreement for this complex transaction was signed on November 14, 2008 but was not closed until April 30, 2009. Over the course of the five months, Alliant Capital secured primary financing through its DUS status with Fannie Mae and the seller provided secondary financing, finalizing the purchase and satisfying the seller’s request for an installment sale. “The DUS program does not permit secondary financing going into any deal,” continued Blasberg. “It took a lot of support from the origination team to demonstrate to everyone the merits of the transaction and to pull all the divergent views together to be able to accomplish this structure.” The manufactured housing market of the Enumclaw area exhibits strong occupancy levels and shows an upward trend in rental rates. Absorption remains favorable and long-term projections show continued growth and effective rental increases. |
Jay Blasberg
Sr. Vice President
Alliant Capital Closes $1 Million Supplemental Apartment Loan
Tucson, AZ - January 5, 2009 - Alliant Capital LLC closed a $1,044,000 2nd lien collateralized by the Old Farm Apartments. The 500-unit garden apartment community built in 1981 is comprised of 22, two-story residential buildings. Alliant provides return of equity to its borrowers through structured subordinate financing behind its own senior debt. Alliant Capital is the nation's most progressive, direct apartment lender servicing a multi-billion dollar portfolio originated by the company.
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Jay Blasberg
Sr. Vice President
Alliant Capital Closes $1.55 Million Supplemental Apartment Loan
Phoenix, AZ - October 17, 2008 - Alliant Capital LLC closed a $1,550,000 2nd lien collateralized by the Park Tower Apartments. The 180-unit garden apartment community built in 1986 is comprised of 10, two-story apartment buildings. Alliant provides return of equity to its borrowers through structured subordinate financing behind its own senior debt. Alliant Capital is the nation's most progressive, direct apartment lender servicing a multi-billion dollar portfolio originated by the company.
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Jay Blasberg
Sr. Vice President
Alliant Capital Closes $8.19 Million Apartment Loan
Irving, Texas - October 31, 2008 - Alliant Capital closed an $8,193,500 loan for the refinance of the Reflections at Valley Ranch Apartments. The 212 unit garden-style apartment community was built in 1986 is comprised of 13, two-story residential buildings. Alliant's loan has a 10-year term with a 30-year amortization. Alliant's Tucson, Arizona office handled this transaction. Alliant Capital is the nation's most progressive, direct apartment lender servicing a multi-billion dollar portfolio originated by the company.
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Jay Blasberg
Sr. Vice President
Alliant Capital Closes over $9 Million in Supplemental Loans for Four Tucson, AZ Multifamily Properties
Tucson, AZ Alliant Capital LLC is pleased announce the funding of four supplemental loans for one borrower, The Springs, Oracle Village, Woodridge and Old Farm Apartments all located in Tucson, AZ totaling $9,376,200. The Springs has 414 units, built in 1978 and comprised of 24, 2-story residential buildings. Oracle Village has 144 units, built in 1983 and has 12, 2-story residential buildings. Woodridge has 204 units, built in 1981 and comprised of 11, 2-story residential buildings. Old Farm has 500 units, built in 1981 and comprised of 22, 2-story residential buildings. Alliant provides return of equity to its borrowers through structured subordinate financing behind its own senior debt. Alliant Capital is the nation's most progressive, direct apartment lender servicing a multi-billion dollar portfolio originated by the company.
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Multi-Family Lending