$7.4 MILLION LOAN ARRANGED FOR IOWA MULTIFAMILY PROPERTY

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MARION, IOWA — Alliant Capital has completed the refinancing of the Regal Townhomes in Marion. The borrower, Rosslare Capital Investments, received a $7.376 million 10-year term loan, which carries a 5.83 percent interest rate. Completed in 2003, the multifamily property consists of 42 two-story garden- and townhome-style buildings offering 168 two- and three-bedroom apartment units. Aaron Abelson of Alliant Capital closed the transaction. The refinancing was completed to remove the existing CMBS loan, which was originally financed in 2003.

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