Printer Friendly

Alliant Capital closes USD105m LIHTC multi-investor fund.

BANKING AND CREDIT NEWS-July 20, 2016-Alliant Capital closes USD105m LIHTC multi-investor fund

(C)2016 M2 COMMUNICATIONS http://www.m2.com

Alliant Capital, Ltd. has closed a USD105 million low-income housing tax credit (LIHTC) fund, the company said.

Eleven properties are specified in Alliant Tax Credit Fund 85, and will finance the construction or rehabilitation of approximately 1,200 units in 9 states. The developments will be targeted to a mix of families, seniors and farm workers.

Headquartered in Woodland Hills, CA, Alliant has syndicated more than 85 funds, raised over USD6.7 billion in investor equity, and invested in excess of 900 properties comprising over 86,000 LIHTC units.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:Jul 20, 2016
Words:120
Previous Article:PNC redeems PNC Funding senior notes due Sept. 19, 2016.
Next Article:Champlain National Bank deploys TCI solution to process auto loans.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters