Western Alliance Bank Finances $33M First Phase of Historic Marble Manor Redevelopment in Las Vegas
Western Alliance Bank provided $33 million in construction financing for Marble Manor Phase I, a 138-unit mixed-income housing redevelopment in Las Vegas. The financing package includes $31 million in tax-exempt bonds, $2 million in taxable bonds, and $19.46 million in permanent bonds, in partnership with R4 Capital Funding.
Key figures
- Units
- 138
- Hud grant
- 53000000
- Retail sqft
- 3000
- Taxable bonds
- 2000000
- Permanent bonds
- 19460000
- Financing amount
- 33000000
- Construction loan
- 31000000
- Tax credit equity
- 21700000
AI analysis
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