TODAY’S DEALS: Alliant Arranges $7.9M Refi Loan for Affordable Housing Project, and Other Transactions
- Mar 17, 2009
By Anuradha Kher, Online News EditorTucson, Ariz.–Alliant Capital LLC has arranged a $7,928,800 loan to refinance La Jolla de Tucson on behalf of Holualoa Arizona Inc. La Jolla de Tucson, a 223-unit affordable housing community, was the final property to close as part of a three-property Tucson purchase transaction. The loan has a nine-year term and a 30-year amortization. Stonybrook and Quail Ridge were the two other properties included in the transaction. La Jolla de Tucson offers one- and two-bedroom floor plans. Meridian Arranges $5M Financing for Four CommunitiesChicago–Meridian Capital Group recently arranged financing in the amount of $5,085,000 for four multifamily properties located in Chicago. The properties together feature 28 units and are located on W. Wrightwood, W. Warner, W. Addison/W. Patterson and W. Grace Avenues. Meridian’s Illinois office negotiated on behalf of the borrower to secure 5 and 10-year term mortgages with a rate of 5.65 percent.