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ELMHURST, ILL. — The Chicago office of Alliant Capital has arranged a $22.2 million loan to refinance Elmhurst Terrace Apartments, a 315-unit multifamily community located in Elmhurst. The proceeds from the loan, which was provided through the Fannie Mae DUS program, will be used to refinance a maturing Freddie Mac loan. Alliant also assisted the undisclosed borrower in securing a master lease with a local college for more than 20 percent of the units.