Business

Western Alliance Bank Finances 50 New Affordable Apartments for Seniors in South Los Angeles

PHOENIX, August 21, 2025--Western Alliance Bank today announced the grand opening of Serenity, a new residential project in South Los Angeles, supported in part by construction-to-permanent financing provided by Western Alliance’s Affordable Housing Finance Group in partnership with R4 Capital Funding.

articleWestern Alliance BancorporationAugust 21, 20254/company/western-alliance-bancorporation/news/western-alliance-bank-finances-50-204400036
Western Alliance Bank Finances 50 New Affordable Apartments for Seniors in South Los Angeles

About this update from Western Alliance Bancorporation

[{"type":"image","alt":"Western Alliance Bank Finances 50 New Affordable Apartments for Seniors in South Los Angeles","displaySize":"","headline":null,"caption":"Western Alliance Bank Finances 50 New Affordable Apartments for Seniors in South Los Angeles","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":320,"url":"https://media.zenfs.com/en/business-wire.com/e0b346d40d464446fe3d98a942dcfff0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Gc2..m9l6l5O1a2kn4LXEw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/e0b346d40d464446fe3d98a942dcfff0","width":480,"height":320}},"lazy":false},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":2011,"height":423,"url":"https://media.zenfs.com/en/business-wire.com/8a7f078c20adb6b33819db864252f183"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XenDtx2_6x5VCcBYhpy7qQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTIwMjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/8a7f078c20adb6b33819db864252f183","width":960,"height":202},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/Tc4URzsla8kUbngsXUPxKQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD01MDQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/8a7f078c20adb6b33819db864252f183","width":1200,"height":252}}},{"type":"text","content":"Serenity Apartments in Manchester Square Celebrates Grand Opening; Offers 50 Affordable Units for Residents Age 62+, Including 36 Homeless Seniors","length":146,"tagName":"p","attribs":{}},{"type":"text","content":"PHOENIX, August 21, 2025--(BUSINESS WIRE)--Western Alliance Bank today announced the grand opening of Serenity, a new residential project in South Los Angeles, supported in part by construction-to-permanent financing provided by Western Alliance’s Affordable Housing Finance Group in partnership with R4 Capital Funding.","length":320,"tagName":"p"},{"type":"text","content":"Western Alliance invested $22.2 million in tax-exempt and taxable construction-to-permanent multifamily housing revenue bonds to finance the affordable, age-restricted, mixed-use residential project, which includes a retail component.","length":234,"tagName":"p"},{"type":"text","content":"The property was co-developed by John Stanley Inc. and Concerned Cit...

More updates from Western Alliance Bancorporation

Alliance BankWestern AllianceSouth Los AngelesAffordable HousingR4 CapitalLos Angelespermanent supportive housingresidential projectR4 Capital FundingSerenity ApartmentsManchester Square