REBusinessOnline

Don’t Buy into the Hype – Beware of the “Yes” Originator

With a strong commercial real estate market nationwide, many originators are under increased pressure to say "yes" to financing terms and conditions that they would shy away from in a less competitive lending environment. "I don't see the frenzy dying down anytime soon, with at least one to two more years of fairly intense competition," says Tim Madigan, a commercial loan originator for Alliant Credit Union. With more than 15 years of experience as an underwriter before moving to loan …

How Artificial Intelligence Benefits Commercial Real Estate Investors

Advances in artificial intelligence and machine learning are slowly changing the processes of buying and selling commercial real estate. Although widespread adaptation appears to be several years off, the application of new technology within commercial real estate appears inevitable and of enormous value. In particular, the opportunity appears greatest within the realm of property valuations, according to David Mitchell, business intelligence and operational specialist with Chicago-based …

Credit Unions: An Overlooked Source for Commercial Real Estate Loans

Credit unions may not be top of mind for commercial real estate investors seeking financing. In fact, many people do not realize that these lending institutions offer commercial financing alongside a variety of consumer and residential loans. These not-for-profit organizations fundamentally operate to serve their members, typically by providing attractive yields on depository accounts and by offering lower interest rates on vehicle loans, mortgages, and yes, commercial loans. As a …

Alliant Provides $3.5M Refinancing for Industrial Property in Plymouth, Michigan

PLYMOUTH, MICH. — Alliant Credit Union has provided a $3.5 million loan for the refinancing of a 41,400-square-foot industrial property in Plymouth, about 25 miles west of Detroit. The research and development property is located within Metro West Technology Park. The 10-year loan features a 25-year amortization schedule. Chris Charboneau of Walker & Dunlop arranged the loan. The borrower was not

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