Alliant Capital LLC has closed three multifamily refinance loans totaling $15 million. The transactions were originated by Aaron Abelson, Alliant’s senior vice president for the Midwest region, in the Chicago metropolitan office.
Eco Park Apartments, located in DeKalb, is a 192-unit garden style student housing community, constructed in 1993. The community offers two-, three- and four-bedroom units. Alliant structured this loan with a 12-year fixed rate term and a 30-year amortization for an existing customer and was able to provide an 80 percent LTV.
West Madison Apartments, located in Chicago, is a 66-unit garden style community built in 1928 offering studio, one- and two-bedroom units. The loan was structured with a 10-year fixed rate term and a 30-year amortization.
Built in 1920 and located in Chicago, Lakeside Apartments is a 39-unit garden style community and offers one- and two-bedroom units. The loan was structured with a 15-year fixed rate term and a 15-year amortization.
