Western Alliance Bank Finances $33M First Phase of Historic Marble Manor Redevelopment in Las Vegas
138-unit mixed-income community expands affordable housing access in historic westside neighborhood
Western Alliance Bank (NYSE: WAL) today announced $33 million in construction financing for Marble Manor Phase I, a 138-unit, mixed-income housing redevelopment located less than two miles northwest of downtown Las Vegas, Nevada.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260706698499/en/ Rendering of Marble Manor Phase I, a 138-unit, mixed-income housing redevelopment in Las Vegas.
The financing package includes a construction loan consisting of $31 million tax-exempt bonds and $2 million taxable bonds and $19.46 million in tax-exempt permanent bonds. R4 Capital Funding is Western Alliance’s originations partner and is the construction and permanent asset manager and loan servicer for the transaction.
