DEAL OF THE DAY: Alliant Capital Provides over $34M in Loans to Three Rental Communities
- Jun 18, 2008
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.