Alliant Credit Union's CRE and Lending Team Closes Successful Q1 with $133 million in Commitments

Commercial Real Estate and Lending Team end the quarter with multi-family, self-storage loans and the largest ever note on note construction loan

CHICAGO, April 28, 2025 /PRNewswire/ -- Alliant Credit Union's Commercial Real Estate (CRE) and Lending Team has ended a strong first quarter, providing term financing solutions on stabilized properties across multiple asset classes nationwide. Additionally, the CRE team continued to provide back leverage to debt funds involved in supplying developers with bridge and construction financing.

Alliant closed the largest note-on-note construction loan in its history with Trez Capital, secured by a $58 million commitment, as well as a note-on-note loan to the Lightstone Group on an apartment complex nearing completion. Overall, Alliant Credit Union successfully closed eight transactions nationwide, totaling $133 million in commitments in the first quarter. These deals reflect Alliant's strategic focus on financing high-quality properties and partnering with experienced borrowers and lenders to navigate an evolving market.

Further demonstrating Alliant's commitment are the following Q1 transactions:

• Chicago Industrial Property – $16,100,000 – A refinancing of a multi-tenant industrial building, which allows the sponsors to have flexibility to sell the asset after their hold period in a few years.
• Tallahassee Student Housing - $15,500,000 – A refinance of a student housing asset, which allowed for an interest-only period with flexible exit options.
• Southern California Multifamily- $12,320,000 – A note-on-note loan to a national bridge lender where the underlying loan provided for the completion and lease-up of a multifamily property in San Diego.
• South Florida Multifamily - $12,200,000 – A refinance of a multifamily property in Fort Lauderdale allowed the sponsor to convert large footprint units by adding additional bedrooms.
• Poughkeepsie, NY Multifamily - $11,040,000 – A note-on-note loan to a Northeast-focused lender allowing for the renovation and lease-up of a multifamily property.

"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," said Charles Krawitz, Executive Vice President, Alliant Credit Union.

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 Forbes Best Credit Union for Digital Banking. 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

SOURCE Alliant Credit Union