Businesswire·2025-12-02 18:46Core Insights - Western Alliance Bank has provided $35 million in financing for significant capital improvements at Marina City Club, enabling upgrades without imposing additional costs on homeowners [1][2][3] Financing Details - The financing will support structural repairs and enhancements to amenities, including waterproofing and resurfacing the recreation deck, modernizing elevator systems, and adding new features such as barbecue areas and indoor pickleball courts [3][5] - The project is a collaboration involving multiple stakeholders, including the Marina City Club Owners Association and Essex Property Trust, with tailored financing addressing the property's unique ownership structure [6][7] Property Overview - Marina City Club is a landmark residential community in Southern California, featuring over 600 residences and resort-style amenities such as tennis courts, fitness centers, and swimming pools [2][11] - The property has historical significance and is recognized as a key part of Marina del Rey's identity [4][7] Bank Profile - Western Alliance Bank is recognized as one of the top-performing banking companies in the U.S., with $90 billion in assets and a focus on providing customized banking solutions for homeowner associations and community management [9][10]