TODAY’S DEALS: Alliant Closes $160M in Multifamily Loan Originations in 1Q, and Other Transactions
- Apr 28, 2009
By Anuradha Kher, Online News Editor Seattle–Alliant Capital LLC has originated $160 million in multifamily loan originations during the first quarter of 2009. The Alliant Capital team rounded out the quarter finalizing more than $48 million in the last two weeks of March, closing 13 various loan and property type deals in seven states. “With the significant number of deals we saw in the first quarter, we know there are confident borrowers actively seeking to invest with historically low interest rates,” sats Byron Steenerson, president of Alliant Capital. “As a privately held company, we are better positioned to meet the needs of our borrowers and close their transactions on time and as promised.” The transactions included but were not limited to $2.5 million for Summer Cove, a multifamily property in -Houston; 9.3 million for Devonshire, a garden-style community in Las Vegas; $748,200 for Alpine Mountain Vista and $582,100 for and Green Mountain Vista in Lakewood, Colo.; $2.4 million for Mark III, a five-story multifamily building in Denver; $4 million for Rancho Chula Vista, a mobile home park in San Diego; and $6 million refinancing for Lake Meridian Shores, a 56-unit, lakefront apartment community in Kent, Wash. Hendricks & Partners Arranges Sale of 26-Unit Community for Over $1MKelso, Wash.–Hendricks & Partners has arranged the sale of Cowlitz River Duplexes, 26-unit apartment community for $1.2 million. It is located at 1420 Pacific Ave. North in Kelso, Wash. The seller was Jesse L. Coombs of Corvallis, Ore. and the buyer was David L. Nelson of Tualatin, Ore.