Alliant Credit Union Commercial Real Estate Loans Up 34% Over 2023

The Credit Union closes out 2024 with over $500 million in loan commitments

CHICAGO, Feb. 5, 2025 /PRNewswire/ -- Alliant Credit Union announces a successful year in a challenging commercial real estate market for 2024. The commercial real estate team ended the year with approximately $530,000,000 in loan commitments. These deals underscore Alliant's dedication to delivering impactful financial solutions on a national basis and furthering its commercial mortgage broker and private capital relationships.

The associated loans reinforce Alliant's strong reputation achieved by meeting the diverse needs of commercial real estate developers and investors. Lending on multifamily, student housing, manufactured home communities, industrial, and self-storage properties, the credit union has played a pivotal role in financing numerous projects that bolster economic development across multiple communities.

In 2024, Alliant funded a $23.7 million loan to a debt fund to facilitate the construction of a multifamily property in New York City. Alliant was able to parlay the debt fund's extensive experience of lending in Brooklyn, market wherewithal, and familiarity with the underlying developer to get comfortable with this opportunity.

In addition to note-on-note structures backed by construction and bridge loans, Alliant lends on stabilized commercial real estate opportunities. These loans are sourced exclusively through commercial mortgage bankers across the country. Alliant funded a $30 million term loan on a multifamily property in Haggerstown, Maryland, in 2024. This asset was well positioned in proximity to employers such as manufacturing and distribution facilities and met the housing needs of the area. 

"Alliant's ability to navigate diverse lending structures, from construction and bridge loans to stabilized commercial real estate opportunities, showcases our expertise and commitment to meeting the evolving needs of our clients in a dynamic market," says Charles Krawitz, Executive Vice President and Head of Commercial Lending for Alliant.

Alliant's success is driven by its streamlined processes, competitive offerings and client centric approach, ensuring that developers and investors can achieve their goals effectively and efficiently. As the commercial real estate landscape evolves, Alliant remains focused on delivering innovative financial products and exceptional service to its partners.

About Alliant Credit Union:
Alliant Credit Union is a national digital financial institution with over 900,000 members and $20 billion in assets, focused on innovation and disrupting the traditional banking model. Alliant maintains some of the industry's best cost structures while delivering members the best products, rates, and value. Consistently recognized as one of the best financial institutions, Alliant was named one of CNBC's Top Credit Unions and Money.com's Best Banks in America. Headquartered in Chicago and founded in 1935, Alliant is one of the largest credit unions in the United States.

Media Contact:
Natalie Symonds 
[email protected]
Sr. Media Strategist
Alliant Credit Union

View original content to download multimedia:https://www.prnewswire.com/news-releases/alliant-credit-union-commercial-real-estate-loans-up-34-over-2023-302369296.html

SOURCE Alliant Credit Union