Alliance Bank bets big on East Valley with $225 million of loans

(Special to the East Valley Tribune)

By Wayne Schutsky | East Valley Tribune

The East Valley is a prime spot for real estate investment in the Phoenix metro area, with one Valley lender providing over $255 million worth of loans for projects in the past 18 months.

Alliance Bank financed a number of projects in the area, including office and industrial parks and further development in Mesa’s Eastmark master-planned community.

“We are very confident in the market, and we think the fundamentals are strong now,” said Paul Engler, Alliance Bank senior vice president.

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