REBusinessOnline

Alliant Provides $15M Refinancing for 10-Property Portfolio in Chicago

CHICAGO — Alliant Credit Union has provided a $15 million loan for the refinancing of a 10-property portfolio in Chicago. Located on the north side of Chicago, the portfolio includes a mix of apartment, retail and office buildings. The properties, which were fully occupied at the time of the loan closing, range in size from a two-unit commercial building to a 48-unit multifamily development. Gershon Friedman of Meridian Capital arranged the 15-year, fixed-rate loan. The borrower was not …

Alliant Provides $23.8M Refinancing for Retail Property in Olathe, Kansas

OLATHE, KAN. — Alliant Credit Union has provided a $23.8 million loan for the refinancing of Olathe Pointe Center, a 142,506-square-foot retail property in Olathe. Some of the tenants include Party City and Justice. The 10-year loan features a 25-year amortization schedule. Mark Reichter of Q10 Triad Capital Advisors Inc. arranged the loan transaction. The borrower was not

A Peek Behind the Industrial Lending Curtain

Mastering the puzzle of a successful commercial real estate loan requires more than due diligence on the borrower. To execute a solid loan transaction, shrewd originators make sure all of the existing pieces fit together — and consider how future pieces might fit into the equation. Beyond the Borrower While the history and financial health of a borrower are top concern for originators, there are many more factors at play. “Having a strong borrower is important, but it’s also critical to …

The Case-by-Case Realities of Student Housing Financing

Providing and securing financing for student housing properties — whether acquisition, refinancing or new development — is a competitive market. “The rewards of working in student housing are numerous. There is a constant supply of tenants, revenue tends to be stable, and the sector is considered recession-resistant,” says Justyna Daniuk, commercial real estate lending analyst with Alliant Credit Union. However, Daniuk notes, student housing financing does have risks, including …

Alliant Credit Union Provides $38.4M Acquisition Loan for Apartment Portfolio in Memphis

MEMPHIS, TENN. — Alliant Credit Union has provided acquisition financing for a six-property apartment portfolio in Memphis. The loan was structured with an initial funding of $31.7 million, with performance earn-out provisions up to $38.4 million. The borrower plans to renovate the communities, which include a total of 1,240 units. Community amenities across the portfolio include on-site parking, clubhouses, swimming pools, playgrounds and onsite laundry facilities. The name of the borrower …

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 …

Alliant Provides $12.5M Refinancing for Parking Facility at Baltimore-Washington International Airport

LINTHICUM HEIGHTS, MD. — Alliant Credit Union has provided a 10-year, $12.5 million loan to refinance a remote airport parking facility at Baltimore-Washington International Airport. The 850,852-square-foot site includes 2,156 parking spaces and is located less than one mile from the main terminal building at the airport. The facility is privately owned and managed. The name of the borrower was not

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 …

Alliant Credit Union Provides $26M Refinancing for New Office Building in Charlotte

CHARLOTTE, N.C. — Alliant Credit Union has provided a $26 million loan for the refinancing of a 120,000-square-foot office building in Charlotte’s Arysley submarket. According to the Charlotte Business Journal, the property, known as One Silver Crescent, opened in February and is fully leased to Jeld-Wen, a window and door manufacturer. The name of the borrower was not

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 …

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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