NORTHBROOK, ILL.—Alliant Capital L.L.C., a national debt financier for the multifamily industry, has coordinated a $1.5 million refinance of a 32-unit, mixed-use property, located at 6011 W. Cermak Road in Cicero, Ill.
The transaction was originated by Aaron Abelson, Alliant’s senior vice president for the Midwest region, in the company’smetropolitan office.
The loan was closed with a 3.83 percent interest rate and a seven-year, fixed-rate term with 30-year amortization. The loan was sized to 65 percent loan-to-value and 1.35 debt coverage.
Alliant Capital L.L.C. has 14 offices throughout the U.S. and is privately held. The company offers permanent lending and comprehensiveservices to its clients.