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Alliant Credit Union Closes $14.6M Refinancing for Industrial Property in Chandler, Arizona

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Located in Chandler, Ariz., the industrial property features 162,714 square feet of distribution space.

CHANDLER, ARIZ. – Alliant Credit Union has arranged a $14.6 million loan for the refinancing of an industrial property located in Chandler. The property features 162,714 square feet of distribution space. The undisclosed sponsor had recently closed with a higher interest rate bridge loan and was seeking a low-leverage transaction to replace that debt. Alliant structured the 10-year loan with a 30-year amortization schedule and two years of interest-only payments.

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