ALLIANT CAPITAL ARRANGES $8.7 MILLION APARTMENT REFINANCING

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PEORIA, ILL. — Stamford, Conn.-based Alliant Capital has arranged $8.7 million in Fannie Mae DUS funding for the refinancing of The Grove of Peoria, located in Peoria. The garden-style apartment community contains 318 units and occupancy was approximately 93 percent at the time of closing. The loan carries a 5.39 percent interest rate, a 5-year term with a 4.5-year yield maintenance and a 75 percent loan-to-value ratio. The loan was originated by John Starr of Alliant Capital. The borrower was not disclosed.

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