Alliant Capital Acquires EF&A Funding to Enhance its Debt Capabilities
- Apr 10, 2008
By Anuradha Kher, Online News EditorWoodland Hills, Calif.–The Alliant Capital Co. LLC has completed its acquisition of Seattle-based EF&A Funding, a one of 26 Fannie Mae DUS lenders. “Alliant had no debt capabilities but with its acquisition of EF&A, the company has the capacity to provide both debt and equity on tax credit equities,” Byron Steenerson, president & COO of Alliant Capital, tells MHN. “Joining Alliant’s equity and affordable housing expertise will provide us the breadth of capabilities to better serve our customers and grow our business,” says Steenerson.Alliant Capital provides debt financing to owners and operators of multifamily properties through various lending programs, and has originated more than $5.9-billion in multifamily mortgages throughout the nation. On April 1st, EF&A officially changed its name to Alliant Capital LLC.The merger—in which all the EF&A employees were retained, and new staff was added—“enhances Alliant Capital’s ability to serve the needs of multifamily housing developers and owners with products and programs that include affordable housing funded and unfunded forward commitments; low income housing tax credits; tax exempt bond credit; and fixed- and variable-rate multifamily loans, including student housing and mobile home park financing,” says Steenerson.