ALLIANT CAPITAL SECURES $10.2 MILLION FANNIE MAE LOAN

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CLINTON TOWNSHIP, MICH. — Stamford, Conn.-based Alliant Capital has secured $10.2 million for the refinancing of Eastwood Village, a 351-unit apartment community located in Clinton Township. Constructed in 1987, the property consists of 29 two-story, garden-style buildings. Occupancy was 92 percent at the time of closing. The borrower was Paragon Properties. The lender was Fannie Mae and the loan was secured through the lender’s DUS Extended Rate Lock program.

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