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Western Alliance Bank's Multifamily Housing Finance Group today announced a strategic alliance with Clover Lending Group, an integrated asset management, development and property management company specializing in affordable senior living and other multifamily communities.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251017538101/en/
Clover Lending Group is nationally recognized for its vertically integrated model, which spans development, construction and property management. By managing the entire lifecycle, the company keeps rental rates accessible for middle-income seniors while maintaining high-quality independent living communities.
Through this alliance, Clover Lending Group's active adult development and construction clients will gain streamlined access to Western Alliance Bank's Direct Pay Letter of Credit (DPLOC) multifamily bond financing program, supported by dedicated resources and underwriting expertise. The partnership strengthens Clover's platform while expanding Western Alliance's reach to leading active adult developers, owners and operators nationwide. The implementation of this significant credit platform was made possible through the valuable collaboration with Michael Joseph and Len Stokes of Clover Capital.
Posted In: WAL
