Alliant Capital LLC, a debt and equity financier and Fannie Mae DUS lender for the multifamily industry, has launched a new, small-balance apartment lending platform. The new division, headquartered in Anaheim, Calif., will be led by former commercial banking executive Jerry Anderson, who will serve as executive vice president and principal.
The new platform will offer Alliant Capital's clients the ability to secure competitive fixed- and adjustable-rate multifamily loans in amounts as small as $500,000 and up to $5 million, the company says.
"With so many of the large commercial banks leaving the small multifamily loan arena, a tremendous void was left in providing capital and service to these borrowers," observes Byron Steenerson, president and chief operating officer of Alliant Capital. "Our flexibility as a small, privately held company allows us to fill this void."
SOURCE: Alliant Capital LLC