Alturas Capital Provides $1M Loan for Multi-Family Property
Written by Travis Barney | September 1, 2015
EAGLE, ID — Real estate investment company Alturas Capital (Alturas) recently provided a loan commitment of up to $1 million to an Idaho borrower, secured by an out-of-state multi-family property located in the midwestern United States. The exact terms of the loan commitment were not disclosed.
“This loan commitment showcases our ability as a firm to provide meaningful capital to real estate investors in our region,” said Blake Hansen, managing partner for Alturas Capital. “Our hope is to provide other asset-based loans secured by real estate in Boise and throughout the Intermountain West.”
The company expects to do more of these types of asset based loans in the future. “We look forward to additional loans of this nature, on quality assets in the region,” said Hansen.
“This loan represents an opportunity to lend on a quality, cash flowing real estate asset located in a major metropolitan area. We look forward to continuing to grow this aspect of our business by cultivating relationships with real estate investors in our region.”
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Alturas Capital Partners is a Boise, Idaho based commercial real estate investment company and manager of the Alturas Real Estate Fund. The company actively invests in office, industrial and retail properties, with a focus on the Pacific Northwest and Intermountain West. Alturas owns properties in Idaho, Washington, Arizona, Colorado and Utah. The Shops at Decker Lake is the 24th asset purchase for the Fund. Since 2009, the firm has made investments valued at over $250 million and is actively seeking to acquire additional assets in the Western United States. Learn more about our commercial real estate investment company.