DEAL OF THE DAY: Alliant Capital Provides over $34M in Loans to Three Rental Communities

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By Anuradha Kher, Online News EditorTucson, Ariz.–Alliant Capital LLC has completed financing of Quail Ridge, Stonybrook and La Jolla de Tucson Apartments, all located in Tucson, Ariz., for a total of $34,919,700.La Jolla de Tucson will be funded after the expiration of the existing conduit lockout.Quail Ridge Apartments, a 253-unit garden style community built in […]

By Anuradha Kher, Online News EditorTucson, Ariz.–Alliant Capital LLC has completed financing of Quail Ridge, Stonybrook and La Jolla de Tucson Apartments, all located in Tucson, Ariz., for a total of $34,919,700.La Jolla de Tucson will be funded after the expiration of the existing conduit lockout.Quail Ridge Apartments, a 253-unit garden style community built in 1975, is comprised of 17 two-story buildings. The Stonybrook Apartments is a 411-unit garden-style community built in 1982 and features 17 three-story buildings. The 223-unit La Jolla de Tucson has 11 two-story garden-style buildings and was built in 1978.  All three loans have 10-year terms with the first three years payable interest only, then a 30-year amortization for the balance of the term.

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