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Alliant Credit Union's CRE Team Concludes a Strong First Quarter

Alliant Credit Union's Commercial Real Estate (CRE) and Lending Team recently reported a successful conclusion to the first quarter of 2025, demonstrating their expertise and strategic vision in the financial landscape. With impressive commitments totaling $133 million, the team has been actively engaged in providing term financing solutions for stabilized properties across various asset classes nationwide.

Expanded Financial Offerings

The strength of Alliant's CRE team is evident in their ability to meet the diverse needs of the market. During this quarter, the team not only closed multiple transactions but also initiated innovative financing options for established real estate projects. A notable highlight was the closing of the largest note-on-note construction loan in the organization's history, secured by a $58 million commitment to Trez Capital. This strategic financing is set to significantly impact the construction landscape.

In addition, a substantial loan was awarded to the Lightstone Group for an apartment complex nearing completion. These transactions underscore Alliant's commitment to high-quality financing solutions, aligning with their vision of serving experienced borrowers and reputable lenders in an evolving market.

Key Transactions in Q1

In total, eight significant transactions were closed by Alliant throughout the quarter, showcasing their broad capabilities in the commercial real estate sector. The specifics of these transactions include:

• - Chicago Industrial Property: $16.1 million was allocated to refinance a multi-tenant industrial building, granting the sponsors the necessary flexibility for future sales after their initial hold period.
• - Tallahassee Student Housing: A $15.5 million refinance for a student housing asset, featuring an interest-only period that offers flexible exit options for investors.
• - Southern California Multifamily: A $12.32 million note-on-note loan provided for completing and leasing a multifamily property in San Diego, showing Alliant's confidence in the Southern California market.
• - South Florida Multifamily: Refined strategies allowed a $12.2 million loan to fund the renovation of multifamily units in Fort Lauderdale, enhancing the potential customer experience through additional bedrooms.
• - Poughkeepsie, NY Multifamily: Here, $11.04 million was allocated for a note-on-note loan to a Northeast-focused lender, aimed at renovations and preparations for housing leases.

Commitment to Excellence

Charles Krawitz, Executive Vice President of Alliant Credit Union, commented on the team's performance, saying, "Alliant's commercial real estate expertise is both deep and expansive. We have demonstrated the ability to offer creative financing solutions time and time again and appreciate the trust the industry has placed in us." This statement reinforces Alliant's commitment to providing innovative and tailored solutions in the commercial real estate sector.

Alliant Credit Union Overview

Founded in 1935 and headquartered in Chicago, Alliant Credit Union has grown into one of the largest credit unions in the U.S., with over 900,000 members and $20 billion in assets. As a digital financial institution, Alliant aims to disrupt traditional banking models while ensuring their members receive the best products, rates, and value. Their recognition as one of CNBC's Top Credit Unions and Forbes Best Credit Union for Digital Banking speaks volumes about their commitment to quality service.

In a rapidly evolving financial landscape, Alliant Credit Union's CRE and Lending Team remains poised for continued success through strategic partnerships and innovative solutions to meet the financing needs of various sectors.