Western Alliance Bank Provides $35 Million Financing for Marina City Club Upgrades

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Western Alliance Bank, through its Alliance Association Banking group, has provided $35 million in financing to the Marina City Club Homeowners Association for major capital improvements at the iconic Marina City Club in Marina del Rey, California. The financing will enable structural repairs, recreation deck and elevator upgrades, and the addition of new amenities without requiring a special assessment from homeowners. The agreement was structured in collaboration with the Marina City Club Owners Association, Essex Property Trust, and Los Angeles County, which owns the land the property sits on. Western Alliance Bank tailored the financing to address the property's unique ownership structure, supporting the continued preservation and enhancement of this landmark community.

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