Alaska Club

The Alaska Club Partners LLC took advantage of AIDEA's Loan Participation Program to combine and refinance existing debt. The Alaska Club is the dominant health club network in Southcentral Alaska. NBA brought the loan to AIDEA, which financed $7.2 million of the $9 million loan. Expansion of the corporation's club in south Anchorage led to the loan participation request. Alaska Club South is being doubled in size with the addition of a pool, gym, lockers and another exercise area. The Alaska Club has 275 full and part-time employees.