Approximately half of dollar total originated in the final two weeks of March was produced by Jay Blasberg, senior vice president of the Alliant Capital Southwest office. Blasberg says the transactions were challenging due to the economy, especially the properties in Vegas and Houston where there have been significant increases in unemployment.

For Devonshire, a garden-style community in Las Vegas he originated a $9.3-million refinance loan with a 10-year term, a 5.87% interest rate, 9.5 years of yield maintenance and a 30-year amortization schedule. For the refinance of Lake Meridian Shores, a 56-unit, lakefront apartment community in Kent, WA, Blasberg originated a 10-year, $6-million Fannie Mae DUS fixed rate loan with two years of interest only payments, a 30-year amortization schedule and a 5.45% interest rate.

For Summer Cove, a multifamily property in Downtown Houston, he originated a $2.5-million supplemental loan with a 10-year term, 9.5 years of yield maintenance, a 30-year amortization schedule and a 6.41% interest rate.

For Mark III, a five-story multifamily building in Denver, Blasberg originated a $2.4-million refinance loan with a 10-year term, 9.5 years of yield maintenance, a 30-year amortization and an interest rate of 5.79%.

For Alpine Mountain Vista and Green Mountain Vista in Lakewood, CO, Blasberg originated supplemental, co-terminus five-year loans of $748,200 and $582,100, respectively. The loans have 4.5 years of yield maintenance, a 30-year amortizations schedule and a 5.66% interest rate.

Billy Hurst and Yancey Strait, senior vice presidents in Alliant Capital's South office originated refinancing for the Trail ($2.48 million) and South Pointe ($3.6 million), two garden-style apartment complexes in Shreveport, LA. The loan had a 10-year term, 9.5 years of yield maintenance, 30-year amortization and a 5.73% interest rate. Hurst and Yancy say they were asked to close the deal within a three-week window and were able to do so because "the Shreveport market is relatively stable."

Hurst and Yancy also closed two loans for a single sponsor in Tulsa, Okla. The properties, Hunters Creek ($4.3 million), a non-contiguous property of 116 apartments and 90 duplex units, and Lakewood Park ($6.7 million), 224-unit apartment community, were acquired using a seven year arm with a 30-year amortization. The interest rate was 4.7%.

Jeff Stuart, senior vice president of Alliant's Northwest/Midwest office refinanced Roy Vue, a 34-unit brick, U-shaped historic property in Seattle that was built in 1924 and is currently 4% occupied. As a choice refinance, the $4.1-million, 10-year loan included two-year of interest only payments, a 30-year amortization and an interest rate of 5.9%.

Byron Steenerson, also in the Seattle office, closed a $4.35 million origination of the 180-unit Parkwood Apartments in Turlock, CA. The affordable property is 100% leased with a waiting list. The refinance terms include a fixed 5.7% interest rate, 10-year term and a 30-year amortization. Steenerson says Alliant Capital offered an extended rate lock 30 days in advance of closing in order to deliver a low fixed rate in this volatile interest rate environment.