CHICAGO, May 16, 2024
/PRNewswire/ -- Alliant Credit Union, one of the largest credit
unions in the nation, announces the launch of SBL Edge, a lending
platform designed for small balance commercial real estate
borrowers in the multifamily, manufactured housing and self-storage
sectors. Built by seasoned veterans with decades of experience
navigating the complexities of commercial real estate lending, SBL
Edge offers streamlined processes and leverages unparalleled
industry wherewithal.
"SBL Edge was designed based on our team's deep understanding of
the unique challenges and opportunities within the small balance
commercial real estate market. We have meticulously crafted a
program that addresses the needs of borrowers seeking loans between
$2 million and $7.5 million," said Charles Krawitz, Head of Commercial Real Estate
Lending. "The platform's focus on multifamily, mobile home
communities, and self-storage properties reflects our commitment to
serving a broad range of CRE borrowers."
Through SBL Edge, owners of stabilized properties can refinance
existing loans or fund acquisitions by working with an experienced
lender that offers a competitive lending option designed to fuel
success. The SBL Edge team is comprised of seasoned professionals
with a deep understanding of the complexities of the targeted
property types. Krawitz is joined by former LaSalle Bank colleagues
Peter Margolin, Jennyfer O'Neil, and Sharon Mau, along with Namita Tayal, formerly with ABN AMRO, in launching SBL Edge. Their extensive
knowledge informs the platform's design, ensuring sound loan
decisions and expedient closings.
With an outstanding balance of over $2.0
billion, Alliant's existing commercial real estate loan book
is national in scope. Loans are sourced from commercial mortgage
brokers with a focus on those affiliated with large national and
regional firms.
The commercial real estate lending operations of Alliant Credit
Union have won numerous awards and recognitions over recent years
including being named a Lender of the Year Winner by REJournals in
2023, a Top Mortgage Lender by Connect Media in 2023, and a
Rainmakers in CRE Debt, Equity & Finance by Globest.com in
2024. Additionally, Alliant's CRE team was a top honors winner for
both "Most Innovative Corporate Strategy" and "Best Financing" in
the 2023 Commercial Property Executive Influence Awards.
About Alliant Credit Union:
Alliant
Credit Union is a national digital financial institution
with over 800,000 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 Money.com's Best Banks in America. Headquartered in
Chicago and founded in 1935,
Alliant is one of the largest credit unions in the United States.
Media Contact:
Natalie Symonds
nsymonds@alliantcreditunion.com
Sr. Media Strategist
Alliant Credit Union
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SOURCE Alliant Credit Union