Western Alliance Bancorporation's (WAL) Western Alliance Bank provided $33 million in construction financing for the first phase of the Marble Manor redevelopment, a 138-unit mixed-income housing project in Las Vegas, the bank said late Monday.
The financing includes a construction loan of $31 million in tax-exempt bonds and $2 million in taxable bonds, as well as $19.5 million in tax-exempt permanent bonds, the bank added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments