Alliant Provides $16M Loan for Refinancing of Industrial Building in Sterling Heights, Michigan

STERLING HEIGHTS, MICH. — Alliant Credit Union has provided a five-year, $16 million loan for the refinancing of a 370,656-square-foot industrial building in Sterling Heights, about 20 miles north of downtown Detroit. The property includes 47,856 square feet of office space. The borrower was a private investor group that closed an original loan with Alliant in December

May 23, 2022Alliant Credit Union, Industrial, Loans, Michigan, Midwest

Video: Balance Sheet Lending for RV Parks & Manufactured Housing Communities

Left: Randall Shearin, Senior Vice President, France Media. Right: Peter Margolin, Commercial Real Estate Loan Originator, Alliant Credit Union. The manufactured housing community and RV park business (long considered recession resilient) is having a moment in the midst of economic uncertainty. Travel restrictions and a wealth of amenities have further thrust RV parks into the spotlight as an emerging getaway for those cut off from other vacation destinations.Peter Margolin of …

November 8, 2020Acquisitions, Alliant Credit Union, Video

Video: Trends in Industrial and Flex Properties: Value and Lending

Yonah Sturmwind of Alliant Credit Union gets right to the heart of what makes an industrial or flex property a good candidate for a loan.Watch this brief interview with REBusinessOnline and hear about demand and value in this increasingly popular asset class.Changing building needs, cold storage demand, underwriting metrics and forecasts related to market appetite for industrial and flex are all covered in this brief and informative discussion.See below …

September 29, 2020Acquisitions, Alliant Credit Union, Industrial, Video

Video: Alliant Q&A: Lending & Multifamily Opportunities in the Midst of Change

Tim Madigan, Commercial Real Estate Loan Originator at Alliant Credit Union, spoke to REBusinessOnline about the multifamily market landscape his company is currently navigating. From financing to future opportunities, this brief, to-the-point interview covers what balance sheet lenders have to offer and what influences the Alliant's lending.Listen as Madigan explains what Alliant is seeing with activity volume as well as their outlook for the rest of the year: …

September 10, 2020Alliant Credit Union, Multifamily, Video

Video: Credit Union Structure Allows Alliant to Finance Deals and Look to the Future

Left: Paul Letourneau, Manager of Commercial Loan Originations, Alliant Credit Union. Right: Randall Shearin, Senior Vice President, France Media. Flexibility and Lending in the Midst of Pandemic Listen to Paul Letourneau, Manager of Commercial Loan Originations at Alliant Credit Union describe why his company has been able to continue lending in the midst of the pandemic. COVID-19 has forced many capital providers to pull back, but Alliant’s flexibility and adaptability has …

August 11, 2020Acquisitions, Alliant Credit Union, Industrial, Video

Alliant Provides $12.1M Refinancing for Self-Storage Portfolio in Indiana, Arkansas

EVANSVILLE, IND. AND PINE BLUFF, ARK. — Alliant Credit Union has provided $12.1 million for the refinancing of a three-property self-storage portfolio in Evansville, Ind. and Pine Bluff, Ark. The properties total 1,565 units, including standard units, climate-controlled units and outdoor vehicle storage. Chicago-based Alliant provided an initial funding of $9.8 million, with the balance structured for earn-out after the first 12 months of the loan, enabling the undisclosed borrower to …

August 23, 2019Alliant Credit Union, Indiana, Industrial, Loans, Midwest, Self-Storage

Hospitality Lending: Whose Market?

As the economy continues its upward trajectory, hotels are enjoying the benefits of strong demand from both personal and business travel. Despite these solid operating fundamentals, many lenders are apprehensive about the record length of the current economic expansion and the impact that a future downturn may have on room rates and occupancy levels. In response to these growing fears, many capital sources have either tightened their lending criteria or decided to cease hospitality lending all …

June 20, 2019Alliant Credit Union, Content Partner, Features, Hospitality

The Stability of Self-Storage

Through economic ebbs and flows, the self-storage sector continues to prove its strength.Although real estate industry players are wary about labeling any sector as recession-proof, the self-storage sector tends to be a stable asset class during economic booms and downturns, according to Paul Letourneau, manager of commercial real estate lending with Chicago-based Alliant Credit Union.And over the last decade, self-storage facilities have become more flexible spaces, which is driving …

April 5, 2019Alliant Credit Union, Content Partner, Features, Self-Storage

Relationships Should Stand The Test Of Time, Regardless Of The Market

Paul Letourneau, manager of commercial lending for Alliant Credit Union, believes the more things change, the more fundamental business practices stay the same. In the lending world, this includes the ability to form and maintain relationships with key sponsors and brokers.As a credit union, how does Alliant compare to other capital sources?Letourneau: Alliant is looking to complement the prospect’s existing lending relationships. Alliant is a national lender and …

February 6, 2019Alliant Credit Union, Features, Finance Insight, Midwest, Northeast, Southeast, Texas, Western

E-Commerce Logistics Impact Industrial Property Loans

The evolution of retail logistics is cultivating a new industrial landscape.“With the explosion in popularity of e-commerce, logistics models have shifted from hub-and-spoke organization to a product-to-consumer model,” says Casey Martin, commercial real estate commercial loan underwriter with Chicago-based Alliant Credit Union.The traditional hub-and-spoke distribution model features a central warehouse supporting a few large distribution centers, allowing product to move within a …

January 8, 2019Alliant Credit Union, Content Partner, Features