Western Alliance Bank, the primary subsidiary of Western Alliance Bancorporation, announced on July 6 a $52.46 million financing package for Marble Manor Phase I, a 138-unit mixed-income housing project northwest of downtown Las Vegas. The package includes $31 million in tax-exempt construction bonds, $2 million in taxable bonds, and $19.46 million in tax-exempt permanent bonds, with R4 Capital Funding managing construction and permanent assets. The development will feature five residential buildings with one- to five-bedroom family rental homes, of which 30 units will be market-rate and 108 will serve families earning 30–60% of the area median income. Plans also include 3,000 square feet of retail space and supportive services from the Southern Nevada Regional Housing Authority. Brinshore Development and SNRHA are co-developers, Metcalf Builders is handling construction, and Enterprise Community Partners is providing $21.7 million in tax credit equity, while HUD awarded a $53 million Choice Neighborhoods Grant and construction began in April 2026.
Western Alliance BancorporationWestern Alliance Bank provided $52.46 million financing for a housing project, generating loan demand and fee income.
Jefferies Financial Group Inc