CHICAGO — Alliant Credit Union is reporting it has completed six commercial real estate financing transactions totaling more than $124 million across several U.S. markets as it continues to expand its commercial lending business.
The transactions include acquisition, refinancing and construction loans involving multifamily, industrial, self-storage and student housing properties, according to Alliant. Four of the six involved repeat borrowers or relationships.
Alliant is a digital credit union with nearly one-million members and approximately $20 billion in assets.
The largest transaction was a $29 million refinancing of a self-storage and recreational vehicle storage portfolio covering the Los Angeles, Sacramento and Kansas City, Missouri, metropolitan areas. Alliant said the financing included equity recapture provisions for a repeat borrower.
Other Transactions
Other recent transactions include:
- Akron multifamily: A $23 million acquisition loan for a multifamily property in the Akron, Ohio, metropolitan area. The financing includes an initial three-year term, a three-year extension option, an interest-only period and a loan-to-value ratio above 70%.
- Greenville multifamily construction: A $21 million note-on-note construction loan for a multifamily development in the Greenville, South Carolina, metropolitan area. Alliant said the transaction involved a repeat relationship with private capital.
- Atlanta industrial: A $21 million refinancing of a shallow-bay industrial property in the Atlanta metropolitan area. The financing includes potential additional funding through an earnout and a three-year term with a three-year extension option.
- Phoenix industrial portfolio: A $17.6 million refinancing of industrial flex properties in the Phoenix metropolitan area, structured with equity recapture and an early rate lock.
- University of Arkansas student housing: A $13 million acquisition loan for student housing serving the University of Arkansas. The transaction includes a three-year term, a three-year extension option and an earnout feature for a repeat borrower.
‘Deep Understanding’
“By combining the reach of the brokerage community, the creativity of private lenders, and Alliant’s deep understanding of commercial real estate, we’re able to deliver financing solutions that might not otherwise be available in today’s market,” Charles Krawitz, executive vice president and chief capital markets officer at Alliant, said in a statement.
Alliant said its commercial lending operation is expanding through relationships with brokers as well as a growing network of debt funds and private capital partners.
The credit union said it closed more than $500 million in commercial real estate loans in 2025.
